Joint development agreement service tax and vat

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Any expert please answer this

Mr.A(Land owner) Entered into JD with MR.B(Builder).

As per agreement Land owner share-45%

                           Builder share-55%

The Developed property is leased to a hospital (not sold)

What will be the Service tax and VAT implications?

How we will arrive at Sale consideration in this situation(where there is no sale of flats)?

 

 

Replies (1)

"What will be the Service tax and VAT implications?"  YES

"How we will arrive at Sale consideration in this situation?" Based on construction cost of Developer.

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