Service tax on development rights
This query is : Resolved
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
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
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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