10 December 2015
Developer buys barren land and develops into plots laying roads, laying sewerage & water pipes, elcetricity connection and other common amenities. After that he sells those plots. In this case, is Service Tax applicable on sale of plots? If so on what amout?
10 December 2015
In this case service tax not applicable as plots are sold after development. It amounts to sale of immovable property for which service tax not applicable.