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Sales and Purchase of Commercial Property EmptyFri Jul 03, 2015 9:34 am by joseph

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Sales and Purchase of Commercial Property EmptyFri Jul 03, 2015 9:11 am by joseph

» ICT industry
Sales and Purchase of Commercial Property EmptyFri Jul 03, 2015 9:10 am by joseph

» Input Tax (Passenger Car for business purpose)
Sales and Purchase of Commercial Property EmptyMon Jun 29, 2015 5:25 pm by joseph

» Conditions to Claim Input Tax
Sales and Purchase of Commercial Property EmptyMon Jun 29, 2015 3:12 pm by joseph

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Sales and Purchase of Commercial Property EmptySun Jun 28, 2015 5:53 pm by joseph

» Sales Commisions
Sales and Purchase of Commercial Property EmptyFri Jun 26, 2015 7:44 pm by Poon1

» Advance payment for services not rendered yet
Sales and Purchase of Commercial Property EmptyThu Jun 25, 2015 4:13 pm by joseph

» Turnover Below RM500,000 subequent to GST registration
Sales and Purchase of Commercial Property EmptyWed Jun 24, 2015 6:16 pm by joseph

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Sales and Purchase of Commercial Property EmptyWed Jun 24, 2015 6:00 pm by joseph

» GST Accounting Entries
Sales and Purchase of Commercial Property EmptyTue Jun 23, 2015 10:21 pm by joseph

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Sales and Purchase of Commercial Property EmptyTue Jun 23, 2015 5:45 pm by joseph

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Sales and Purchase of Commercial Property

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Sales and Purchase of Commercial Property Empty Sales and Purchase of Commercial Property

Post by bathu14 Wed Mar 11, 2015 2:43 am

If I have signed an S&P for purchase of a commercial pty prior to 1 april 2015 and the S&P tenure expires after 1 april 2015 and balance of final payment is paid after 1 april 2015, do I have to pay GST? If so, do I only pay on the balance of final payment? Also, if the seller is not GST registered OR is an individual (not a business), then does this transaction get caught under GST? Does the transaction value of the pty under the S&P have any effect on whether the transaction is subject to GST?

bathu14

Posts : 9
Join date : 2015-03-11

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Sales and Purchase of Commercial Property Empty Re: Sales and Purchase of Commercial Property

Post by joseph Wed Mar 11, 2015 2:46 pm

Customs' Panel Decision 4/2014 has a detailed explanation on this subject: http://gst.customs.gov.my/EN/RG/Pages/rg_fai.aspx.


joseph

Posts : 277
Join date : 2014-09-25

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Sales and Purchase of Commercial Property Empty Re: Sales and Purchase of Commercial Property

Post by bathu14 Wed Mar 11, 2015 8:45 pm

first two questions I asked is not addressed by 4/2014 whilst the third question is. Any suggestion?

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Sales and Purchase of Commercial Property Empty Re: Sales and Purchase of Commercial Property

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