St for housing societies

I would like to know applicability of Service Tax provisions for housing societies collecting total receipts from members exceeding 10lacs

 

 

CA Sanjay M Sathe

Replies (2)

You can avail below exemption if it applies,

Under Notification # 25/2012, Sl.No. 28,

service by an unincorporated entity, to its own members by way of reimbursement of charges or share of contribution upto an amount of Rs.5000/month/member for sourcing goods or services from a third person for the common use of its members in a housing society or a residential complex.

If the association collects more than Rs. 5000/month/member then, this exemption doesn't applies. However, if the association is working as a pure agent for sourcing goods or services (no profit margin built in), then such amount may be excluded while computing the taxable value of service.

Hi,

 

Want to the applicability of service tax on commercial and school situated in resident welfare society.

 

 

Regards,

Pooja Maheshwari

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