19 January 2016
Exemption under Negative List: The education being part of the negative list under clause(l) of section 66D of the Finance Act, does not form a taxable service. The entryas per clause (l) of section 66D list the following services: (i) pre-school education and education up to higher secondary schoolor equivalent; (ii) education as a part of a curriculum for obtaining a qualificationrecognised by any law for the time inbeing force; (iii) educationas a part of an approved vocational education course;
Exemption under Mega Exemption Notification: Earlier,the mega exemption notification 25/2012 dated 20-06-2012 had exempted auxiliary educational services and renting of immovable property "to or by" educational institutions. The entry at clause 9 of the mega exemption notification read that services provided to or by an educational institution in respect of education exempted from servicetax, by way of,- (a) auxiliary educational services; or (b) renting of immovable property;
CAclubindia
