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of <h1>Service Tax on RWAs: Exemption Limit Raised to Rs. 5,000 Monthly; Tax Threshold and CENVAT Credit Explained.</h1> The circular addresses the levy of service tax on services provided by Resident Welfare Associations (RWAs) to their members. Initially, RWAs were exempt from service tax if the monthly contribution per member did not exceed three thousand rupees. Post-1st July 2012, this exemption was adjusted to five thousand rupees per member per month for sourcing goods or services for common use. If contributions exceed this amount, the entire contribution becomes taxable. RWAs can also benefit from a threshold exemption for taxable services not exceeding ten lakh rupees annually. Additionally, RWAs acting as pure agents can exclude certain costs from taxable services, and they may avail CENVAT credit for service tax payments.
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