Advance payment taxable from 1-7-2012
This query is : Resolved
04 January 2013
EXPLAIN THE PROVISION OF SERVICE-CONSTRUCTION OF RESIDENTIAL COMPLEX IN RESPECT OF ADVANCE PAYMENT BEFORE 1-7-2012 & AFTER AND IF NOT PAID SERVICE TAX THAN ITS IMPLICATIONS?
08 January 2013
There is no major change per se regarding taxability of contruction of residential complex as the Point of Taxation Rules, 2011 is still applicable in regime of negative list as well.... Thus advance payment in respect of taxable services would be subjected to tax now as well....
Hope this would settle the issue...
Hope this would settle the issue...
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