Is gst applicable for the following scenario:
Non gst-registered sole proprietorship sell off the company-owned commercial property at 1mil.
TX for all advices.
Gst issue for selling off commercial property
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 May 19 2016, 05:54 PM, updated 10y ago
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#1
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376 posts Joined: Mar 2008  
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May 19 2016, 09:03 PM
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#2
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376 posts Joined: Mar 2008
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QUOTE(linkor @ May 19 2016, 08:30 PM) 1) does the sole propritor has more than 2 unit commercial -> If Yes then GSTabble. So means dis scenario no gst?No. Dis the only one 2) Does the sole proprietor has TOTAL market value of > 2mil commercial ->If Yes Then GST No. Dis prop mv 1mil 3) Does the sole proprietor yearly turnover above 500k ? No. The business for dis sole is less than 500k. Any of Yes above it is GSTable.  |
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May 20 2016, 09:34 AM
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#3
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376 posts Joined: Mar 2008
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QUOTE(linkor @ May 20 2016, 06:58 AM) yes, no need charge GST Any different if it's a sdn bhd instead of sole? Really TX for ur answer..  |
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