13 July 2012
if a developers developing a project having less than 12 units. Is the receipts of the project liable to pay service tax after the notifications of 01/07/2012.
14 July 2012
In my project is liable to service tax and you are governed by the Rule 5 of Point of taxation Rules i.e. no tax shall be payable (a) to the extent the invoice has been issued and the payment received against such invoice before such service became taxable; (b) if the payment has been received before the service becomes taxable and invoice has been issued within fourteen days of the date when the service is taxed for the first time
New circular No. 162 on POT is also clarifying same position.
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