A co-operative hsg. soc. is contmeplating to collect certain amount from each of its members to carry out the major repair work of the premises. The amt. may be more than Rs. 40 lac in a year.
Is the service tax applicable on the amount collected over and above the normal maintenance charges form the members? is there any ceiling limit?
or it is applicable only when the sevice provider raises invoice or provide service?
can the society get cenvat?
pl. reply asap.
CAclubindia
