Service tax applicability in case of hakk sod patra
CA Mangesh Chitale (B. Com. A.C.A. DISA (ICAI) DIRM (ICAI)) (245 Points)
09 September 2015CA Mangesh Chitale (B. Com. A.C.A. DISA (ICAI) DIRM (ICAI)) (245 Points)
09 September 2015
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 09 September 2015
1st of all be aware that such transactions attract "stamp duty" on the valuation as per state laws, and its clear that such diff money is short term or long term capital gain, as the case may be,
in absence of such registered deed, the person may face case of money laundring, service tax comes far later
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 11 September 2015
In absence of any consideration regarding the service provided,activity is not a service hence Service Tax is not leviable.