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Sales and Purchase of Commercial Property
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Sales and Purchase of Commercial Property
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
Re: Sales and Purchase of Commercial Property
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
Re: Sales and Purchase of Commercial Property
first two questions I asked is not addressed by 4/2014 whilst the third question is. Any suggestion?
bathu14- Posts : 9
Join date : 2015-03-11
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