Works contract or construction service

This query is : Resolved

Vinay (Querist)
Follow

08 July 2015 One of my client is a developer and they are carrying out villa project. They have entered into two agreements. One is to sell the land and another one is to construct the villa. whether the consideration for the sale of land is exempted from service tax?
whether the consideration pertaining only to construction agreement be treated as consideration for levy?
Whether the service is treated as works contract service or construction of residential complex service?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

08 July 2015 Excluding the land it can be treated as works contract and service tax on 40% value can be paid.
Including the land it can be considered as construction of residential complex and service tax payable on 25%/30% value.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mukesh Singh

Angadi & Co

v.rama krishna

FCA. LAL BAHADUR SHASTRY GUBBA

MUNISH KUMAR

Subscribe Now

Works contract or construction service

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANT

Senior Executive

GST CONSULTANCY

Accountant

CA Final