TaxTMI 
TaxTMI 
Applicability of service tax - facilities or advantages
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....pplicability of service tax - facilities or advantages<br> Query (Issue) Started By: - AMIT DOSHI Dated:- 15-7-2008 Last Reply Date:- 23-7-2008 Service Tax<br>Got 2 Replies<br>Service Tax<br>An electr....
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....ic traders association has been registered under club or association category. They have collected money from against advertisement in diaries and credited the proceeds to P & L a/c. The cost of such ....
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....diaries have been debited separately. Can this proceeds recd from advertisement in diaries be subject to service tax as "facilities or advantages" enjoyed by members in lieu of payment made to associa....
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....tion by these members. Reply By V Ramanujam: The Reply: It is observed from the query that Electric Traders association has publishing an diary for distribution to its members/others where the advert....
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....isement of its members are published for the consideration. Based on these position, the consideration received is only for the purpose of 'advertisement' and the same is not related to 'service' spec....
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....ifically rendered to its members. Thus in my view, the consideration would not attract service tax under 'club or association service' Reply By AMIT DOSHI: The Reply: thnx for reply.. does this consid....
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....eration will not fall under "facilities or advantages" enjoyed by members. and subject to levy of serice tax?<br> Discussion Forum - Knowledge Sharing ....