One of my assessee being a multi marketing company charges entrance fees from its members and sell some products to its members. Company is giving free accidental insurance & Life Insurance to its members. I want to know whether company is liable to pay service tax. If yes in which category case falls.
3 Replies
Ajay Raghatate
(Sr Executive (Excise & Accounts))
(736 Points)
Replied 22 June 2010
It is my view only,
The assessee is not providing service, hence he is not compulsory to service tax registration & charge service tax to customers,
He is only selling the material, then he is applicable for VAT only.
Rajat Garg
(Article)
(47 Points)
Replied 22 June 2010
In the view of above information Service tax registration is not required in this case and providing free accidental insurance & Life Insurance to its members is not a service, its only a perqusite.
CA Shantanu Goyal
(Practicing CA)
(122 Points)
Replied 22 June 2010
hi
with regard to enterance fees please check "CLUB AND ASSOCIATION" . It may come under the ambit of this service.
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