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Service tax applicabilty on Subsidy

Service Tax - Started By: - pawan pant - Dated:- 4-8-2016 Last Replied Date:- 7-8-2016 - Hello,I Have an Issue which is elaborated as follows:-1.We are running a company which is engage to Common maintenance Services which is rendering to residents of builder.2.We have raising an invoice to residents for monthly maintenance.3.However,Few of the residents has not paid their monthly maintenance charges due to Builder has not Fulfill their promises as he said at the time of flat Purchase. 4.In addi .....

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- The Reply = Sir, whether service tax is paid on the receipts of maintenance money from members of the society. If there any profit element. Thanks. - Reply By KASTURI SETHI - The Reply = The querist has mentioned the word, 'subsidy' which is not correct. It is not subsidy. So many issues are involved in his query. The nature of the queries/problem is such that fool-proof reply is possible only after examination of agreement/contract and other linked records. My sincere advice is thatt .....

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in terms of Explanation (a) to Section 67 of the Finance Act and chargeable to service Tax as ST is levied on the Gross Amount Charged under Section 67 (3) and defined in Explanation (c) to Section 67. ibid. There is a gulf of difference between Service Tax law/Finance Act and Income Tax Act. These are exempted from Income Tax being registered under Section 12 AA of the Income Tax Act but not exempted from Service Tax until or unless specifically exempted. There are some services which are spec .....

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