Query on service tax
R. MURALI (PARTNER) (26 Points)
14 April 2012R. MURALI (PARTNER) (26 Points)
14 April 2012
Anupreksha Thote
(CA)
(285 Points)
Replied 16 April 2012
hi,
Refer Notification No. 12/2012-ST dated 17/03/2012.
This Notification includes huge list of services which have been exempted.
It contain
Chartiable activities conducted by entity registered under Sec12AA of Income Tax Act
Indu Nair
(Chartered Accountant - Accounts Manager)
(34 Points)
Replied 17 April 2012
Please guide me whether we can revise the H1 return of F.Y. 2011-12 now?
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 17 April 2012
New tax regime based on the negative list will come in to force after enectment of the finanace bill and not w.e.f.01-04-2012. The services prvided by your client appears to be taxable under the new system. Under the new law, charity is defined and your service is not charity. Also the concept of mutuality may not help.
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)