Liability of service tax-transfer of ownership from developr
This query is : Resolved
01 November 2014
Dear Sir,
If a person bought land from government on lease for re devolopment purpose. due to financial hardship he is not being able to pay lease amount so now he wants to transfer ownership of land to another devloper. Will this attract service tax liability on the person who bought the land from goverment on lease. ?
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Thanks & With regards
Gaurav
If a person bought land from government on lease for re devolopment purpose. due to financial hardship he is not being able to pay lease amount so now he wants to transfer ownership of land to another devloper. Will this attract service tax liability on the person who bought the land from goverment on lease. ?
-----
Thanks & With regards
Gaurav
01 November 2014
Transfer of only land does not attract service tax nor VAT
CA Chirag Doshi & Co.
9833027231
CA Chirag Doshi & Co.
9833027231
01 November 2014
Thanks for giving me reply, but sir this will apply only on land or if any construction was made to that land. this will also not attract service tax ???
01 November 2014
Thanks for giving me reply, but sir this will apply only on land or if any construction was made to that land. this will also not attract service tax ???
01 November 2014
if construcion is done then service tax is attracted as per definition of Service contained in Clause (44) of Section 65B of the Act stated that Service includes Declared Service. as construction is included in declared servie so it will attract service tax
CA Chirag Doshi & Co
9833027231
CA Chirag Doshi & Co
9833027231
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