13 May 2016
In case of JDA, developer has to pay service tax on flats handed over to Landowner based on the value equal to the amount charged by the developer for similar flats. In this situation: (i) whether Developer is entitled for the abatement of 70% (Not. 26/2012)? (ii) Or he should charge service tax on 40% of the value considering it as works contract? (iii) Whether Developer has to pay service tax on total value of similar flats without abatement?
CAclubindia
