20 December 2013
One of our client is a Public Ltd Company deals with the purchase and sale of land. The company first purchases the land and sale the same to clients after dividing the land into small plots. The facilities provided with such plots are water connection, electricity connection, internal roads with street lightning, and boundary walls which surrounds the land. Apart from this not doing any kind of construction work.
The company has already applied for Vat/Cst. Please guide me whether Service Tax is applicable or not and if yes then at what percentage.
CAclubindia
