Please reply..earlier i didnt get proper reply..

Situation :

There is a mess which is managed by students. Till now there was each and everything was illegal and now they want to make such illegal thing into legal so I consult them to form a co-operative society.... because they do not want to pay any tax, is it ok with co-operative society or there should be trust or company u/s 25 ? The net turnover is more than 3crore They first collect all money from students and such money is spend on them only i.e. there is no profit in short there is mutuality concept. My further question is whether service tax is applicable or VAT is applicable or none ??? If yes, is there any way to escape from these taxes ?? Employees are more than 60. Which other acts/taxes are applicable here ??

Please suggest me...

Thank You in advance...

Regards,

Siddharth Bumb.

of individuals who like to manage the day to day affair of u organisation 6 u can show loss or nil income if proper books mainained and get audited even if u organise socity, form a trust , business or any form 7 even is mutual concept service tax appplied 8 if now illegal activity converted into legal so consequences of all authority like IT ,ST ready to face this is my personal view.1 co operative societs income also taxabale 2 as 3 crore amount involved geting books audited is complusary 3 so maintainance of book needed 4 registration under sec 25 of company act is some hassle work and money , time and management also need to organise 5 u can make association of person (AOP) of individuals who like to manage the day to day affair of u organisation 6 u can show loss or nil income if proper books mainained and get audited even if u organise socity, form a trust , business or any form 7 even is mutual concept service tax appplied 8 if now illegal activity converted into legal so consequences of all authority like IT ,ST ready to face this is my personal view.