14 July 2013
A Co-operative Society is formed for a building in which there are 200 offices and it charges monthly maintenance from each of the office premises for its building maintenance, apart from this it also reimburses electricity charges which are supposed to be paid to the electric supply company.
In this regard I want to know whether the Co-operative society should levy service tax or not.
14 July 2013
YOU HAVE NOT MENTIONED ABOUT INCOME EARNED BY SOCIETY. SERVICE PROVIDED BY CO-OP SOCIETY TO ITS MEMBER IS NOT LIABLE TO PAYMENT OF SERVICE TAX.