01 August 2007
The educational institue where I am working imparts MBA and affliated to JNTU university. Apart from this,small consultancy and training programes are conducted. Now the question is whether we are coming in the net of Service tax for training and MBA. Please clarify.
In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services provided by a commercial training or coaching centre, in relation to commercial training or coaching, which form an essential part of a course or curriculum of any other institute or establishment, leading to issuance of any certificate or diploma or degree or educational qualification recognised by law for the time being in force, to any person, from the whole of the service tax leviable thereon under sub-section (2) of section 66 of the said Act:
PROVIDED that this exemption shall not be applicable if the charges for such services are paid by the person undergoing such course or curriculum directly to the commercial training or coaching centre.
2. This notification shall come into force on the 1st day of July, 2003.
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