As we know for the period prior to 01.07.2010, the construction service provided by builder/developer was not taxable. However, for the period after 01.07.2010, construction service provided by builder/developer is taxable. The Ministry of Finance, Department of Revenue vide Circular No. 151/2/2012-ST dated 10.02.2012 examined the tripartite business model wherein three parties are involved i.e. … Continue reading BOARD CIRCULAR WOULD PREVAIL OVER EDUCATION GUIDE