Service tax on developoment of plots
This query is : Resolved
10 December 2015
Developer buys barren land and develops into plots laying roads, laying sewerage & water pipes, elcetricity connection and other common amenities. After that he sells those plots.
In this case, is Service Tax applicable on sale of plots?
If so on what amout?
In this case, is Service Tax applicable on sale of plots?
If so on what amout?
CA R SEETHARAMAN
(Expert)
10 December 2015
In this case service tax not applicable as plots are sold after development. It amounts to sale of immovable property for which service tax not applicable.
11 December 2015
If sales are made during the development of plots, by taking amounts on instalments.Then what is the position
CA R SEETHARAMAN
(Expert)
11 December 2015
Then service tax applicable.
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