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Liability of service tax-transfer of ownership from developr

(Querist) 01 November 2014 This query is : Resolved 
Dear Sir,

If a person bought land from government on lease for re devolopment purpose. due to financial hardship he is not being able to pay lease amount so now he wants to transfer ownership of land to another devloper. Will this attract service tax liability on the person who bought the land from goverment on lease. ?

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Thanks & With regards
Gaurav

Report Abuse
Devajyoti Barman (Expert) 01 November 2014
Refer to the lease deed as in many such cases the govt. imposes bar on such transfers.
T. Kalaiselvan, Advocate (Expert) 05 November 2014
consult a local lawyer with the related papers and proceed as per his further advise.

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