Service tax applicability for rwa's
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2013
A RWA collects rs 2000 per month from all falt owners in the society and rs 5000 per year. Total flat in the society 150.
collection approx 43.50 lacs.
If service tax exemption is applicable to this RWA. As earlier rs/ 3000 per month was exempt under a notification of 2007.
But now all service are taxable except negative list or srevice covered in mega exemption. can anyone clarify if it covers under negative list or mega exemption. or previous exemption notifiction is still applicable.
collection approx 43.50 lacs.
If service tax exemption is applicable to this RWA. As earlier rs/ 3000 per month was exempt under a notification of 2007.
But now all service are taxable except negative list or srevice covered in mega exemption. can anyone clarify if it covers under negative list or mega exemption. or previous exemption notifiction is still applicable.
CA Vikas Acharya
(Expert)
20 May 2013
the same is exempt under notification 25/2012
tax applicable only if charges more than 5000/month from residents.
this 5000 per year will not make RWA taxable even if even if no. of members is 150.
tax applicable only if charges more than 5000/month from residents.
this 5000 per year will not make RWA taxable even if even if no. of members is 150.
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