Fwd: IMPORTANT: Latest Service Tax Circular for RWA/CHS

[Raghuram Bathula]

---------- Forwarded message ----------
From: Sangeeta Banerjee <sang...@apartmentadda.com>
Date: 23 January 2014 22:29
Subject: IMPORTANT: Latest Service Tax Circular for RWAs
To: raghura...@gmail.com

Clarification on ST Circular dated 10-Jan-2014 Thursday,23 January 2014 Dear Raghuram Bathula, A new Circular regarding Service Tax for RWAs has been issued by the Finance Ministry. Though it mentions RWAs (Residents Welfare Association) everywhere, we understand it equally applies to Apartment Owners Association, Cooperative Housing Societies, and all such Residential Complexes. Highlight of this Circular: If a member's contribution exceeds Rs.5000/month, Service Tax to be levied on the full amount, and not the amount after exempting Rs.5000. In this email you will find a link to the Original Circular, as well as a Blog Post for your easy understanding and next steps. As you will find in the blog post, Auditors have divided opinion on this. So, please do consult your Auditor for his specific Opinion. Based on your Auditor's advice we will help you configure this in your ADDA. Circular: http://www.servicetax.gov.in/circular/st-circular14/st-circ-175-2014.htm Simplification, Next Steps: http://apartmentadda.com/blog/2014/01/23/service-tax-for-rwa-society-association-circular-of-jan-2014-2/ Apart from this, wish you a good weekend ahead :-) Warm Regards, San ApartmentADDA.com Every Well-Run Society has its ADDA! Contact Details ApartmentADDA, 3Five8 Technologies Pvt. Ltd., Office #205,Evoma Serviced Offices, #82/83 Borewell Road, Whitefield, Bangalore - 560066 ApartmentADDA, 3Five8 Technologies Pvt. Ltd., #36, 1st Floor, Centrium Mall, Lokhandwala Complex, Kandivali East, Mumbai - 400101 Blog Twitter Facebook YouTube LinkedIn To unsubscribe from ApartmentADDA Newsletter, please send an email to unsub...@apartmentadda.com.