Service tax payable on residential flats constructed under joint development agreement

CESTAT, CHENNAI BENCH LCS City Makers (P.) Ltd. V/s. Commissioner of Service Tax, Chennai FINAL ORDER NO. 507 OF 2012 APPEAL NO. ST/774 OF 2010 MAY 3, 2012 ORDER Mathew John, Technical Member  M/s. LCS Property Development (P) Ltd. (appellant herein) are engaged in construction of residential complexes. For this purpose, they used to enter into Joint Development Agreements with land owners, in terms of which they would undertake construction of residential flats/houses in the land owned by such land owners. As per the terms of the Joint Development Agreement, a portion of the...