ifcc (Prop) 28 January 2012
hi, I am a land owner and going to devlope a township with one devloper. We are sale 50 row houses worth rs 1 crore. Now we share 35-65%. Because I do not interfare in devlopment.
At the time of registry client give me 35% cheque and 65% to Devloper. In these case can I liable for service tax ?
ramesh (profession) 31 January 2012
First you have to take service tax registration .
service tax is laible to pay on registry /collection / advances received from customers on collection basis. this amount to be collected from customers & pay to dept.
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