The client has paid development charges towards 99 years lease of SIPCOT land. Lease deed dated 21.08.2013. The client has capitalized amount and the same is agreed to be amortized over 20 years. Now the SIPCOT has raised a invoice for Service tax towards 33% of development charges. Should the company pay the same? Will this development charges attract TDS?
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St on development charges
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Service tax is certainly applicable but there is no such rate of 33% since 01.07.12 for such kind of services. For abatement and valuation we need to see actual facts.
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