What is definition of preferential location and development of complex service?
As per section 65(105)(zzzzu) of Finance Act, 1994 (inserted w.e.f. 1-7-2010), any service provided or to be provided, to a buyer, by a builder of a residential complex, or a commercial complex, or any other person authorised by such builder, for providing preferential location or development of such complex but does not include services covered under sub-clauses (zzg), (zzq), (zzzh) and in relation to parking place, is a taxable service. Explanation. For the purposes of this sub-clause, preferential location means any location having extra advantage which attracts extra payment over and above the basic sale price.
