Mega exemption notification no. 25/2012-st dated 20/06/2012
This query is : Resolved
20 January 2014
Service by an unincorporated body or non-profit entity registered under any law for the time being in force, to its won members by way of reimbursement of charges or share of contribution -
upto an amount of Rs. 5000/- per month per member for souring goods or services from third person for the common use of its members use of its members in a housing society or residential complex is exempt.
Does Rs. 10/-Lakh threshold exemption is also applicable for this exemption.
i.e. If Rs. 4000/- per month per member is collected from 25 members. Total of Rs. 12 Lakh is collected ie. Rs. 4000*25 members*12 months. Is the society exempt since it has received less than Rs. 5000/- per month per members though the threshold limit has exceeded Rs. 10 Lakhs?
upto an amount of Rs. 5000/- per month per member for souring goods or services from third person for the common use of its members use of its members in a housing society or residential complex is exempt.
Does Rs. 10/-Lakh threshold exemption is also applicable for this exemption.
i.e. If Rs. 4000/- per month per member is collected from 25 members. Total of Rs. 12 Lakh is collected ie. Rs. 4000*25 members*12 months. Is the society exempt since it has received less than Rs. 5000/- per month per members though the threshold limit has exceeded Rs. 10 Lakhs?
20 January 2014
Society is exempted from payment of service tax.
Threshold limit is linked to 'amount received from taxable service' whereas in the cited case entire amount received is
from 'exempted service'. No need to check the threshold limit.
Threshold limit is linked to 'amount received from taxable service' whereas in the cited case entire amount received is
from 'exempted service'. No need to check the threshold limit.
20 January 2014
Thanks Sir. Though the total received amount is more than Rs. 10 lakh, the society is exempt from the provision of service tax because of this notification. Is my understanding correct?
20 January 2014
Yes, by virtue of explanation B of notification 33/2012 ST, the society can seek exemption
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- FTS Taxable under 115A
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
