Joint development agreement
This query is : Resolved
09 December 2015
Sir
In case of Joint development if the land owner share of flats is sold by the owner to outside buyers before issuance of completion certificate and has received advance portion for it, will the land owner liable to collect service tax from the buyers and pay to Central govt.
In case of Joint development if the land owner share of flats is sold by the owner to outside buyers before issuance of completion certificate and has received advance portion for it, will the land owner liable to collect service tax from the buyers and pay to Central govt.
CA R SEETHARAMAN
(Expert)
09 December 2015
Yes the land owner is liable to collect the service tax and pay to Govt.
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