20 September 2013
i want to ask that if a person enters into an agreement with a developer that he will provide his land to the developer and developer will build flats on it provide right to the person to sell 10 flats on behalf of builder and only the sale value proportante to land cost is transfered to persons account and rest in the accounts of builder in that case who is liable to pay service tax and whom shall furnish his service tax registration number
22 September 2013
The correct answer could be given only after study of the development agreement. The transaction narrated by you seems to be a sale of land, consideration of which is payable on sale of flat. If it is so, the amount payable to the landlord is not liable to service tax
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
26 September 2013
i want to ask that when the flat is being sold and service tax is being collected from the customer then who shall be liable to furnish his service tax number the pramoter or the builder.
CAclubindia
