23 January 2009
An organisation fully owned by a state govenment provides educational training. Will the services be taxable under sub clause zzc or is there any tax exemption for such organisation? Pls quote the exemption notification if possible.
As per sec. 65(27) of the Finance Act, 1994, any training centre or institute or establishment which issues any certificate or diploma or degree or any educational qualification recognised by law for the time being force, shall not be included under "commercial training or couching centre".
Hence, sec, 65(105)(zzc) does not apply to above institute or establishment.
AS per as the question of state government owned is concerned, it does not make any difference.
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