de99180d_fications__Circulars__Analysis__Analysis
[Para.No.] 2.7 [Clarification] Joint Development Agreement Model : Under this model, land owner and builder/developer join hands and may either create a new entity or otherwise operate as an unincorporated association, on partnership /joint / collaboration basis, with mutuality of interest and to share common risk/profit together. The new entity undertakes construction on behalf of landowner and builder/developer. Clarification : Circular 148/17/2011-ST dated 13/12/2011, particularly paragraphs 7, 8, 9 apply mutandis mutandis in this regard. [Analysis] 
In such models, it can no longer be argued that it is not a case of provision of service by one to other, but of a common business venture with profit sharing. Such transactions would also be liable to service tax.
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