Service tax on yoga services
This query is : Resolved
11 March 2015
Hi,
I want to know about the exemption provided to Yoga Service Providers in Service Tax.
Can you please tell me that whether Service Tax is applicable on a Corporate Entity who is also in Yoga Services along with health membership plans, but its sales has not crossed 5 lacs till date. Please guide me in this regard?
I want to know about the exemption provided to Yoga Service Providers in Service Tax.
Can you please tell me that whether Service Tax is applicable on a Corporate Entity who is also in Yoga Services along with health membership plans, but its sales has not crossed 5 lacs till date. Please guide me in this regard?
11 March 2015
Yoga services are included in definition of charitible purpose in income tax in budget 2015-16.
For service tax,
Health and fitness services are taxable.
The tax liability is arisen when turnover of services exceeds Rs. 10 Lakhs per annum. As the turnover of entity is less than Rs. 10 lakh, no tax is required to charge in bill.
But once turnover exceeds Rs. 9 lakh, get service tax registration and start charging service tax when bill value exceeds Rs. 10 lakh.
For service tax,
Health and fitness services are taxable.
The tax liability is arisen when turnover of services exceeds Rs. 10 Lakhs per annum. As the turnover of entity is less than Rs. 10 lakh, no tax is required to charge in bill.
But once turnover exceeds Rs. 9 lakh, get service tax registration and start charging service tax when bill value exceeds Rs. 10 lakh.
11 March 2015
budget 2015 had proposed to exempt yoga services from service tax net but yet it is not assented by president so wait for finance act 2015 to be passed.
11 March 2015
Thanks, but I want the source document where it is written that yoga services are exempt from Service Tax from 01.04.2015 onwards for corporate entities also.
11 March 2015
Thanks, but I want the source document where it is written that yoga services are exempt from Service Tax from 01.04.2015 onwards for corporate entities also.
11 March 2015
http://taxguru.in/excise-duty/indirect-tax-proposals-union-budget-201516.html
see point with bullet no 13 under srevice tax in this link
see point with bullet no 13 under srevice tax in this link
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
