07 May 2008
A Company which is in the business of providing educational content on website to ICSI/CBSE/IIT students for paid or free basis proposes to take a premise on lease
Exemption from service tax under section 65(90a) of Chapter V of the Finance Act, 1994 reads:
'Renting of immovable property to an educational body imparting knowledge on skill or knowledge or lessons on any subject or field, other than a commercial training or coaching institute.'
Can the company claim exemption from payment of service tax to the landlord based on above