https://www.taxtmi.com/news?id=11640 Builders' collaboration agreements create two taxable activities: (A) works contract/service from builder to landowner in exchange for land/development rights, and (B) works contract/service from builder to purchasers who pay before completion. State VAT excludes labour, services and land from taxable turnover by actual or percentage methods or composition schemes; rules prescribe deduction methods and point of taxation tied to transfer or incorporation of goods. Service tax taxes complex construction where payment is received before completion certificate, allowing prescribed abatements or actual valuation under Rule 2A; timing follows invoice/receipt rules. en-us Sat, 31 Aug 2013 11:29:00 +0530 Sat, 31 Aug 2013 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11640 Builders' collaboration agreements create two taxable activities: (A) works contract/service from builder to landowner in exchange for land/development rights, and (B) works contract/service from builder to purchasers who pay before completion. State VAT excludes labour, services and land from taxable turnover by actual or percentage methods or composition schemes; rules prescribe deduction methods and point of taxation tied to transfer or incorporation of goods. Service tax taxes complex construction where payment is received before completion certificate, allowing prescribed abatements or actual valuation under Rule 2A; timing follows invoice/receipt rules. News - Sat, 31 Aug 2013 11:29:00 +0530 https://www.taxtmi.com/news?id=11640