A society registered under societies act having exemptions like 12A and 10(23)(c) is exempt from service tax. One company has constructed a building for the same society, is service tax is payable
Menu
Service tax applicability
Replies (2)
When NGO organization get registered with Income Tax department, to claim tax exemption for their income, it gets the 12 A certification.
From the Date of establishment of an nonprofit ngo organization like trust, society or nonprofit company, it should apply for registration with Income tax department to get 12A certificate. If delayed in applying for registration then the nonprofit ngo organization should submit Audit Reports for the past three years or as may be available.
Yes, the activity of construction of complex is taxable activities in service tax and covered in Declared service in Section 66E(b).except where the entire consideration is received after issuance of completion-certificate by the competent authority. The issue that the society is having exemptions like 12A and 10(23)(c) is exempt from Income tax has no significance with service tax matters.
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
