Clarifications with regard to levy of service tax on services provided by RWA to its own members

Clarifications with regard to levy of service tax on services provided by RWA to its own members https://www.taxtmi.com/article/detailed?id=5435 RWA services to members are exempt subject to a per-member monetary ceiling for sourcing third-party goods or services; any member contribution exceeding that ceiling is ineligible and taxable. Threshold exemption for small providers applies to RWAs and excludes already exempt services from aggregate value. Expenditure as a pure agent of members is excluded from taxable value when conditions are met, whereas payments in the RWA's name for common-area consumption are not. RWAs may avail Cenvat credit per the credit rules. en-us Wed, 15 Jan 2014 10:25:47 +0530 Wed, 15 Jan 2014 10:25:47 +0530 TaxTMI RSS Generator Clarifications with regard to levy of service tax on services provided by RWA to its own members https://www.taxtmi.com/article/detailed?id=5435 RWA services to members are exempt subject to a per-member monetary ceiling for sourcing third-party goods or services; any member contribution exceeding that ceiling is ineligible and taxable. Threshold exemption for small providers applies to RWAs and excludes already exempt services from aggregate value. Expenditure as a pure agent of members is excluded from taxable value when conditions are met, whereas payments in the RWA's name for common-area consumption are not. RWAs may avail Cenvat credit per the credit rules. Articles Service Tax Wed, 15 Jan 2014 10:25:47 +0530 https://www.taxtmi.com/article/detailed?id=5435