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service tax on real estate com

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(Querist)
20 January 2009 my querry is that

we have construct a building having more than 12 residential unit.

will service tax exempt if we made a development agreement with owner.

or is there any way to save service tax liability?
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
22 January 2009 where the prospective buyer buys only an immovable property a number of decisions have held that there is no service and therefore no ST.

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