Q:DEAR SIRquery reg service TAX FOR RWAI am the treasurer of the ADENA OWNERS ASSOCIATION.WE ARE COLLECTING MONTHLY Maintenance .Charges from Resident Members everymonth to defray the expenses incurred to SECURITY,EB CHARGES,SUMP /WATER CHARGES/COMMON AREA SERVICES etc.we have entered in to CONTRACT WITH AKSHAYA HOMES&PAYING MONTHLY LUMPSUM CHARGES.AS PER SERVICE TAX NOTIFICATION RWA HAS TO PAY SERVICE TAX IF IT EXCEEDS Rs 5000 pm.as we have entered in to A CONTRACT FOR lumpsum with the AKSHAYA,PLEASE ADVICE WHO IS RESPONSIBLE /LIABLE FOR SERVICE TAX.YOUR OPINION IS VERYMUCH APPRECIATED.
Latest Answer: If Akshaya Homes is given a contract then they will charge the Service Tax on the Association. If the Association is collecting more than Rs.5000/- per month from the Owners toward maintenance then the Association must collect Service Tax from the owners and must pay to the govt.
