https://www.taxtmi.com/forum/issue?id=2311 Legislative amendment treats vacant land given on lease for construction of buildings for business or commerce as taxable under Renting of immovable property service. A developer acquiring such a lease for building and selling flats is using the land for business, so lease rent received by the lessor (local authority) is subject to service tax. The service tax obligation on the lessor to collect and remit does not change across scenarios where the developer's sale proceeds differ if the lease rent payable to the local authority remains the same. en-us Sat, 23 Oct 2010 13:39:20 +0530 Thu, 23 Jan 2025 15:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2311 Legislative amendment treats vacant land given on lease for construction of buildings for business or commerce as taxable under Renting of immovable property service. A developer acquiring such a lease for building and selling flats is using the land for business, so lease rent received by the lessor (local authority) is subject to service tax. The service tax obligation on the lessor to collect and remit does not change across scenarios where the developer's sale proceeds differ if the lease rent payable to the local authority remains the same. Discussion-Forum Service Tax Sat, 23 Oct 2010 13:39:20 +0530 https://www.taxtmi.com/forum/issue?id=2311