Service tax on land development income
This query is : Resolved
06 February 2016
Dear sir/madam,
I have a Query regarding Applicability of service tax and Rate of it.
If ABC a Company purchases land divides it into Plots and sells it. it collects Land Development income from Customers to whom sale is made for Maintaining it for 15 years what are Service Tax Implications on it and if service Tax is Applicable at what rate.
I have a Query regarding Applicability of service tax and Rate of it.
If ABC a Company purchases land divides it into Plots and sells it. it collects Land Development income from Customers to whom sale is made for Maintaining it for 15 years what are Service Tax Implications on it and if service Tax is Applicable at what rate.
CA R SEETHARAMAN
(Expert)
06 February 2016
14.5% service tax applicable on land development income collected from customers for maintaining it for 15 years.
06 February 2016
Thank you sir,
when is service tax is applicable if amount is received in installments and sale Registration is done only after Receiving full amount.
when is service tax is applicable if amount is received in installments and sale Registration is done only after Receiving full amount.
CA R SEETHARAMAN
(Expert)
06 February 2016
Pay service tax on each receipts.
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