TaxTMI 
TaxTMI 
TaxTMI 
Liability of service tax - proportionate basis
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....iability of service tax - proportionate basis<br> Query (Issue) Started By: - CA. Chalapathy Rao Marthy Dated:- 16-12-2007 Last Reply Date:- 18-12-2007 Service Tax<br>Got 2 Replies<br>Service Tax<br>D....
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....ear Sir, For example two parties say A and B holding two lands of different proportions say for example A 13% and B 87%. A is experinced in construction activity. B has agreed with A for developemnt o....
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....f land by constructing a commercial building on the said land. Terms were such that after satisfactory completion of building B will register undivided share of land to A to the extent of 37% such tha....
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....t both will jointly own the building in the ratio of 50 % and 50%. In such case is 1. is A liable for service Tax 2. If answer to 1 is yes how valuation will be done. Reply By YASHAVANTH R.M.: The Re....
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....ply: In my opinion service provider is liable to pay service tax, as per details A will do the construction, it is not clear what will be the % of land construction, after construction it will be shar....
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....ed 50% each,since A doing the construction A raise the bill o B on his portion of construction, Service tax is payable by A and valuation is gross amount charged by A to B for construction of his land....
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.... portion Reply By Surender Gupta: The Reply: Only a details study of the facts and circumstances would enable to decide the true nature of the transaction, whether it is works contract activity or som....
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....ething else.<br> Discussion Forum - Knowledge Sharing ....