27 November 2012
My client is builder. He purchased one property where there is PAGHDI system. In F.Y 2011-12 he got rent income from many tenants aggregating more than 10 lacs through cash. So now in F.Y 2012-13 does he liable to pay service tax on this type of rent income?
28 November 2012
As per Not. 33/2012, the builder shall no longer be eligible for exemption in F.Y 2012-13. Hence he would be liable to pay service tax in the F.Y 2012-13.
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