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Chargeability to tax

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(Querist)
27 December 2012 A Residential Welfare Association procuring money as a monthly contribution from its members for the purpose of purchasing assets and other renovation works would be chargeable to service tax under the new tax regime.
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
27 December 2012 It will be exempt from service tax under mega exemption notification no. 25/2012.

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