12 February 2011
Suppose M/s. XYZ is a partnership firm doing construction business & registered under "Construction of Residential Complex" service. Now one of its partners Mr.X books one flat in his son's name & another flat in his own name in the same residential project & pays booking advances. Is M/s. XYZ is liabable to collect & pay Service Tax on amount from Mr.X? Is there any way to save tax liability? Can it be termed as "Self Service" or "Service for Personal Use"?