13 February 2013
A company is into business of plotting of a large piece of land and selling these plots off for construction of Residential Property.The company is also making Roads and doing work of drainage pipes.Will this attract Service Tax and if yes then under which Taxable Service
14 February 2013
This is the selling of developed land (Plot) so it will fall under selling of Immovable property so it is exempt from ST.
But this matter is with highly litigation
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Anonymous
Querist :
Anonymous
(Querist)
14 February 2013
Thank you krunal...
Querist :
Anonymous
Querist :
Anonymous
(Querist)
15 February 2013
I would like to share a link that I came across which speaks specifically regarding the case and says that an arrangement of this sort will be covered under the purview of Service Tax and such Tax would be Chargeable so the confusion that remains now is that what would be the Nature of such Service (http://taxguru.in/service-tax/activity-involving-offer-plots-sale-assurance-development-infrastructureamenities-layout-approvals-service.html)