acct
23 Points
Posted on 24 January 2014
As per this cirular and also mentioned in https://blog.apnacomplex.com/2014/01/22/jan-2014-circular-on-service-tax-on-dues-collected-from-members-in-apartment-associations/ - there are two major clarifications in this circular -
1. Entire amount of contribtions from members who is paying more than Rs. 5,000/- per month is liable for service tax.
2. In societies where there are only few members who pay more than Rs. 5,000/- only their contribution comes under service tax and not the entire society.
An interesting question would be if society needs to collect this service tax from these members or can directly calculate the liability and then pay to the GoI from its funds.