Service tax on villas
This query is : Resolved
10 August 2011
My client is a builder who builds villas and sells them.He buys a big plot of land makes plots gets BDA approval. He enters into two agreements one for sale of land and other construction contract. He Creates common facilities like Roads, Street lamps, supplies filtered water, sewerage treatment is done, security and so on. My client does not build/construct the villas, he enters into a contract with a contractor to construct the villas ? The question is since he enters into individual agreements with each customers is he liable to Service Tax ? Please answer this in light with notification 7/10.
10 August 2011
as the contractor is same, works contract rules 2007 applies, and service tax applicable @4.12% on gross turnover.
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