Service tax applicable ?

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Chartered Accountants
356 Points Posted on 10 March 2014

Hello Experts.....

one of my client (developer) is selling NA* plot after developing basic infrasture like water,light,road,gate,clubhouse (common facility) etc...

now my question is whether service tax is applicable on such developer and if yes what rate ? and how to calculate it ?

*note : first he has purchased agriculture land then he has converted it as NA

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On 10 March 2014 at 14:44 Report
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Indirect Taxation
1146 Points Posted on 10 March 2014
The given case is provided under declared service. If your client receives the payment on completion stage basis then it amount to service and servietax will levied and if your client first develop the property and after that enter in to sale. Then it amount to sale of immovable property and no service tax will applicable as it is not a service.
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On 10 March 2014 at 17:39
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Chartered Accountants
356 Points Posted on 12 March 2014
amount not charged on completion stage... it is NA residential plot and client sell said plot simultaneously he developed basic common infrastructure.
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On 12 March 2014 at 15:17

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