Service tax for club

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2012 Hi good morning
We have a club main objective is to promote rural sports & culture ,our gross collection from members crossed 10.00lakhs is it we are liable for service tax, any amount collected as a share membership fees ,Building fund ,caution Deposit liable for service Tax

Amol S Joglekar

Amol S Joglekar (Expert)
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02 August 2012 No. The amount collected by the members for the benefits of members is not chargeable to service tax. If club starts rendering any taxable service, then it will come under the perview of service Tax.

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2012 But any thing shown in Receipt & payment Account as a receipt is taxable

Amol S Joglekar

Amol S Joglekar (Expert)
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02 August 2012 This will depend upon the accounting system the club follows.

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