Real Estate Agent service tax scope expanded to services by agents and consultants, with recipient definition broadened and clarified. A real estate agent's services in relation to sale, purchase, leasing or renting of real estate are taxable; the provider is the agent (including a real estate consultant) and the recipient definition was broadened from client to any person. Circular No. 96/7/2007, para. 6, consolidates and supersedes earlier CBEC technical clarifications on scope, classification, valuation, export/receipt of services and exemptions for service tax.
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Real Estate Agent service tax scope expanded to services by agents and consultants, with recipient definition broadened and clarified.
A real estate agent's services in relation to sale, purchase, leasing or renting of real estate are taxable; the provider is the agent (including a real estate consultant) and the recipient definition was broadened from client to any person. Circular No. 96/7/2007, para. 6, consolidates and supersedes earlier CBEC technical clarifications on scope, classification, valuation, export/receipt of services and exemptions for service tax.
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