Servcie tax on nidhi companies
This query is : Resolved
CA Atihash Agarwal
(Querist)
18 December 2015
Hello,
Pls tell me about the applicability of service tax on Nidhi Companies.
I got a nidhi company registered in the year 2014.
Recently i got a notice from the service tax department whereas i havent taken any service tax registration.
Pls advice
Pls tell me about the applicability of service tax on Nidhi Companies.
I got a nidhi company registered in the year 2014.
Recently i got a notice from the service tax department whereas i havent taken any service tax registration.
Pls advice
Neljo Davis ACA
(Expert)
18 December 2015
Service Tax is applicable to Nidhi companies on Service Charges, Documentation Charges, Processing Fees etc. collected from customers. Companies are also liable to pay Service Tax under reverse charges mechanism i.e Service tax on receipt of services like Legal Services, Works Contract Services, Security services, Manpower supply services etc received from a business entity other than a Body Corporate..
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