https://www.taxtmi.com/article/detailed?id=5882 Service tax on joint development arrangements depends on whether the parties form a joint venture or remain separate persons. Where landowners transfer title in exchange for built-up area and bear no shared group risks and rewards, the land transfer is excluded from service tax as a transfer of immovable property, while the developer's construction activity in return for property is taxable as a construction service. If a true joint venture exists-requiring shared assets, risks, rewards and governance-different taxable events arise: combined sales may be taxable before completion, construction services to the JV are taxable with valuation rules applying, and non-monetary land contributions may be treated as consideration. en-us Tue, 28 Oct 2014 07:34:32 +0530 Tue, 28 Oct 2014 07:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5882 Service tax on joint development arrangements depends on whether the parties form a joint venture or remain separate persons. Where landowners transfer title in exchange for built-up area and bear no shared group risks and rewards, the land transfer is excluded from service tax as a transfer of immovable property, while the developer's construction activity in return for property is taxable as a construction service. If a true joint venture exists-requiring shared assets, risks, rewards and governance-different taxable events arise: combined sales may be taxable before completion, construction services to the JV are taxable with valuation rules applying, and non-monetary land contributions may be treated as consideration. Articles Service Tax Tue, 28 Oct 2014 07:34:32 +0530 https://www.taxtmi.com/article/detailed?id=5882