Tax & legal process - sports academy

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2013 Friends,

we want to opening a Sports academy with swimming pool & other facility , Member Fee charges 30000/-Per Year.

I want to know about which type of taxes is applicable to our academy like service tax Entertainment tax or other.

We have also one school to there & we want to facility of swimming to our school children, we charged 60000/- per month to school, can I charge it to school.
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Ajay Mishra

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Ajay Mishra (Expert)
28 September 2013 Hi

It will depend on it whether you are opening such swimming pool for training purpose or for entertaining purpose.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
28 September 2013 Service tax is applicable only when gross receipts exceeds Rs 10 lakhs.
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