TaxTMI 
TaxTMI 
TaxTMI 
Service tax on built up area alloted (in kind) by builder to land owner
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....ervice tax on built up area alloted (in kind) by builder to land owner<br> Query (Issue) Started By: - hubert fernandes Dated:- 1-4-2010 Last Reply Date:- 8-4-2010 Service Tax<br>Got 1 Reply<br>Servic....
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....e Tax<br>"A” is a land owner and “B” is a Builders/Developer. Land owners agrees and conveys land to the builders/developers vide agreement for sale, for which the builders agree to allot in kin....
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....d , say 1500 square feet of built up area to the land owners. Whether the allotment of 1500 sq ft of built-up area in kind to land owners as per the proposed finance bill 2010 would be subjected to se....
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....rvice tax under “complex construction service” and if so what shall be the valuation for discharge of such service tax liability on the 1500 sq ft allotted to land owners Reply By Surender Gupta: ....
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....The Reply: As per the proposed service tax on construction industry and builders, service tax would be levied on allotment of such 1500 sq ft built-up area. But, it is too early to discuss the details....
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.... and valuation at this point of time, since after enactment, the ministry of finance / CBEC is expected to come out with some valuation provisions to simply service tax on such transactions.<br> Discu....
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