Taxability of services
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 May 2012
WHETHER OR NOT SERVICE PROVIDED BY SIKKIM MANIPAL UNIVERSITY FOR RUNNING THE DIFFERENT PROFESSIONAL COURSES LIKE BBA, MBA ETC ARE TAXABLE ? IF YES, THEN UNDER WHICH CATEGORY?
WHETHER OR NOT SERVICE PROVIDED BY SIKKIM MANIPAL UNIVERSITY FOR RUNNING THE DIFFERENT PROFESSIONAL COURSES LIKE BBA, MBA ETC ARE TAXABLE ? IF YES, THEN UNDER WHICH CATEGORY?
23 May 2012
The budget 2012 has put all recognised higher education out of the purview of service tax by placing it in the negative list of items exempt from service tax.
That leaves only the unrecognised programmes, which will either have to wrest an exemption out of the government or charge students the additional tax.
If the Business School is not recognised by All India Council of Technical Education (AICTE) or any other government body, then as a result paying fees to such schools would be considered as commercial transaction chargeable with service tax.
The Service Tax Category would be COMMERCIAL TRAINING & COACHING Services
That leaves only the unrecognised programmes, which will either have to wrest an exemption out of the government or charge students the additional tax.
If the Business School is not recognised by All India Council of Technical Education (AICTE) or any other government body, then as a result paying fees to such schools would be considered as commercial transaction chargeable with service tax.
The Service Tax Category would be COMMERCIAL TRAINING & COACHING Services
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