Is Selling/transferring lease land taxable?

[Yatin Bhopi]

Dear experts,

Weather selling / transferring lease land taxable under service tax law? If it is taxable what will be taxable value? Is it on selling/transfer price?

AI Summary

Transfer of immovable property excluded from service tax; leasehold transfers not taxable, but stamp and municipal duties may apply.
Transfers of leasehold land that effect a transfer of title or the benefits and rights in immovable property are excluded from service tax under the statutory exclusion for transfer of immovable property; however, stamp duty and municipal taxes may remain payable on such transactions.