Service tax applicable or not?
This query is : Resolved
08 August 2012
I have a business where we collect money from flat owners of a residential complex for maintenance, electricity, security etc. All manpower is provided by us. we meet all expenses out of the collection money. Any extra expenses is done by the construction company as the complex is not yet fully occupied. We take very little commission for manpower supply only. Under these circumstances is service tax applicable? If applicable then how I calculate the assessable amount for tax calculation? PLZ HELP."IT SHOULD BE NOTED THAT THE COLLECTION BUSINESS IS PROPRIETORSHIP"
08 August 2012
Dear
From the query what we understand that services are being provided by a resident welfare association.
AS the services of RWA has not been put either in negative list or in mega exemptions, so the service tax is applicable. Though at the same time if gross collection amount is less than 10 lakh annually, then threshold limit may be enjoyed.
From the query what we understand that services are being provided by a resident welfare association.
AS the services of RWA has not been put either in negative list or in mega exemptions, so the service tax is applicable. Though at the same time if gross collection amount is less than 10 lakh annually, then threshold limit may be enjoyed.
Message likes :
1 times
08 August 2012
Is there any service category called RESIDENTIAL WELFARE ASSOCIATION service ? Is entire collected amount is liable to tax? is any exemption can be availed for expenses made ?
06 August 2023
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
