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Service tax on development rights

This query is : Resolved 
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(Querist)
25 October 2014 whether land owner has to pay service tax on sale of development rights .the consideration would on every flat sold 30% revenue shall go to land owner
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CA CHIRAG DOSHI

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CA CHIRAG DOSHI (Expert)
27 October 2014 Dear Paresh,
When land owner give development right to builder/developers its a sale under barter system, in your case service tax is applicable once builder sales flat before OC (occupancy certificate) service tax is liable
in your case
30% of Amount received multiply by
3.09%
3.708%

as per your criteria

CA Chirag Doshi
91 9833027231
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