Service tax on developing land & selling plots
This query is : Resolved
CA NILESH AGRAWAL
(Querist)
16 January 2013
5. Whether service tax is applicable on developing a land and selling plots.
- Can we call this a service and colonizer a service provider.
- A contractor who is developing colony under a contract with developer is liable to pay service tax.
- Can we call this a service and colonizer a service provider.
- A contractor who is developing colony under a contract with developer is liable to pay service tax.
Kaushik Vinod
(Expert)
17 January 2013
Dear Nilesh,
Simple sale of land is not taxable but construction services are taxable @ 25% of 12.36% if it includes value of land in other case 40% of total value.
Yes Contractor is liable to pay tax on 40% of the value as per valuation rules,2006 Rule 2A.
Thanks
Simple sale of land is not taxable but construction services are taxable @ 25% of 12.36% if it includes value of land in other case 40% of total value.
Yes Contractor is liable to pay tax on 40% of the value as per valuation rules,2006 Rule 2A.
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
