07 January 2013
Dear Expert, Suppose a an individual Builder is going to construct a residential complex and taking money as advance booking from proposed owner of flat.
In that case from which point service tax will be applicable whether at the from 1st advance money taken or after reaching of Rs 10 lakhs.
09 January 2013
The service tax would be applicable on the amount received after reaching Rs.10 lakhs. This is presuming you are providing no other taxable services.
CAclubindia
