A resident welfare association formed on 1st June, 2015 received ₹6,000 per month per member as contribution. The aggregate receipts up to March, 2016 were ₹12 lakh. It paid service tax on telephone bills ₹2,000 and serv

CS Executive · Tax Laws and Practice · PYQS · December 2016
A resident welfare association formed on 1st June, 2015 received ₹6,000 per month per member as contribution. The aggregate receipts up to March, 2016 were ₹12 lakh. It paid service tax on telephone bills ₹2,000 and service tax on AMC for generator ₹3,000. The net service tax liability @ 14% to the welfare association would be —
(A) Nil
(B) ₹28,000
(C) ₹23,000
(D) ₹1,68,000.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Service Tax

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