22 July 2013
does service tax act applies to trusts, in case of educational? if yes, how to calculate turnover limit of 10 lacs. 3 schools run under a trust in this case. in short, i want to ask while considering limit of Rs. 10 lacs, do i have to consider total receipt of 3 schools?
Yes, it will clubbed amount of 3 school if run by a single trust, reason being the service tax registration no. is PAN based. So check whethre each school have seprate ST registration no. or not. If not then service tax is applicable as one assessee.
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