Applicability of service tax
This query is : Resolved
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?
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?
Vishakha Kejriwal.
(Expert)
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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