SERVICE TAX ON RWA
This query is : Resolved
20 March 2009
Notification no.8/2007 stated that RWA is exempted from service tax applicable u/s 65(105)(zzze)provided
1. the membership to the association is by the status of residency and
2.the amount of contribution received by each resident does not exceed Rs 3000pm
My query is if the contribution exceeds Rs. 3000pm but the value of taxable service in this contribution is less than Rs. 3000 pm, then is service tax applicable to the RWA and on what amount. The RWA receives a consolidated quarterly amount from its residents towards various facilities provided.
1. the membership to the association is by the status of residency and
2.the amount of contribution received by each resident does not exceed Rs 3000pm
My query is if the contribution exceeds Rs. 3000pm but the value of taxable service in this contribution is less than Rs. 3000 pm, then is service tax applicable to the RWA and on what amount. The RWA receives a consolidated quarterly amount from its residents towards various facilities provided.
K V Subba Rao
(Expert)
20 March 2009
Notification states Consideration
"received" from individual an member.
So amount received is the criterion but not Value of Service (or amount spent by Association).
Once Service Tax liability arises, it is on whole amount but not on excess over Rs 3000
In case of Income Tax, we deduct Basic Exemption but such provision is not available for Service Tax
"received" from individual an member.
So amount received is the criterion but not Value of Service (or amount spent by Association).
Once Service Tax liability arises, it is on whole amount but not on excess over Rs 3000
In case of Income Tax, we deduct Basic Exemption but such provision is not available for Service Tax
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
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
