Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

service tax on membership fee

Service Tax - Started By: - satbir singh wahi - Dated:- 8-8-2015 Last Replied Date:- 5-9-2015 - A Society for welfare of employees is receiving membership fee. Amount of fee is received for three years in advance. Whether this fees is to be bifurcated into 3 years for calculating basic exemption of 10 lacs.If it receives ₹ 27 lacs in first year (for three years membership) , whether service tax applicable or we can bifurcate to three years and avail basic exemption. - Reply By CA.Tarun Aga .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

my view, if you have received ₹ 27 lacs in 1st year (as advance consideration for 3 years), the point of taxation is the date of advance (Rule 3 of POTR, 2011) and service tax is payable thereon in the 1st year itself and such receipt cannot be bifurcated into 3 years irrespective of accounting treatment of such receipt. - Reply By bhart b sharma - The Reply = it appears to be covered under 'Membership of Club or Association Services'; Section 65(105)(zzze) of Finance Act, 1994. th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version