Service tax on land development income

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P. kavya (Querist)
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06 February 2016 Dear sir/madam,

I have a Query regarding Applicability of service tax and Rate of it.

If ABC a Company purchases land divides it into Plots and sells it. it collects Land Development income from Customers to whom sale is made for Maintaining it for 15 years what are Service Tax Implications on it and if service Tax is Applicable at what rate.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 February 2016 14.5% service tax applicable on land development income collected from customers for maintaining it for 15 years.

P. kavya

P. kavya (Querist)
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06 February 2016 Thank you sir,

when is service tax is applicable if amount is received in installments and sale Registration is done only after Receiving full amount.