regarding tax liability
This query is : Resolved
17 December 2010
i need the information that, whether in following cases, is there any service tax or vat liabilty arises ?
1) a real estate developer. he purchases land from farmers and converts them into N.A land & develop them into plots and sell them.
2)some times what happen, he makes an agreement with farmers, without purchasing the land i.e. by taking General power of Attorney from the farmer. he converts as N.A. land & develop as plots and sell them.
note: no construction of any building is carried as such
1) a real estate developer. he purchases land from farmers and converts them into N.A land & develop them into plots and sell them.
2)some times what happen, he makes an agreement with farmers, without purchasing the land i.e. by taking General power of Attorney from the farmer. he converts as N.A. land & develop as plots and sell them.
note: no construction of any building is carried as such
19 December 2010
In both cases , no service tax and no VAT is applicable.
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