12 March 2009
A builder has entered into a Joint venture for constructing a commercial complex for about 50000 sq feet and share it with the land owner on 50:50 of built up area. Both are going to retain the same.
a) Is service tax is to be paid by the builder or the land owner b) If it is by the builder, on the value of builtup area to be given to the land owner or on the entire 50000 sq feet c) There is no money given by the land owner to the builder or sale is involved. How the value to be arrived d) When the liability arises. On the provision of service or on registration of land (UDS) e) Is the area retained by the builder it exempted being service rendered to self
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