Should Service Tax be collected from Members of Apartment Association?
Apartment Associations are liable to pay service tax to Government of India when one or more members of the association has contributed more than Rs. 5,000/- per month to the association (refer this post for clarity). As per the law, the liability is on the Society to remit service tax – irrespective of the society […]
Jan 2014 Circular on Service Tax on Apartment Associations
A new circular has been released by Service Tax department on 10th Jan 2014 attempting to clarify the confusion surrounding applicability of service tax on dues collected from Members. Based on the past circulars of March 2012 and June 2012, up to Rs. 5,000/- per month per member of collection is exempted from service tax. […]
Service Tax on Residential Complexes: Past, Present, Future
Budget 2010 revived what many thought was a closed chapter for millions of home buyers in India. Ever since it was introduced, there had been uncertainty about the government’s service tax on residential constructions and the manner in which it had to be collected. Following a circular in 2009, the issued seemed to have been […]
