Presently I am associated with a State Government Organisation in Kolkata, West Bengal. Our management has decided to construct our own Office Building in our owned land in Kolkata.
Three options are presently in mind
1) B.O.T - Build Operate Transfer - Construction will be built by a Third Party. A space will be provided to us for our office use and the rest area will be leased by the builder to others to generate the money expended by them. After the completion of the leased period the property will be transferred to us and the entire building will be our sole property.
2) Joint Venture i.e., between us and any third party
3) Own Funding
I would like to request you to let me know whether Service Tax is attracted in any of the options as stated above. If attracted under which section.
Request you once again to give me some of your precious time in replying back to my query.
Hope you would be kind enough to answer my query. You may reach me at sdmk2501@gmail.com
Thank you for your attention, time and consideration.
Point no. 1) & 2) - If service tax is attracted under which section and related notification and date if provided would help me a lot. Also requested to confirm whether any abatement is in force?
Point No.3) I believe the suggestion you have provided is not proper as because the Civil Structure to be constructed will be used for only commerce /industry / business.