I Know that more than 12 unit is appliacable service tax. In this case (Bilider share + Land lord share is 50:50 share) No of flats are 7+7 total 14 flats now attracet Service tax?
09 January 2012
Please note that we have to see the construction approval plan , if it is for more than 12 units than we have to think various other cluase , as payment is received during or before the complition of service/flats, if yes than service tax will attract, now we have to see , how did you make arrangement is there partnership or developmen agreement, there are lot many things we have to consider before appling to service tax
CAclubindia
