SURENDER KUMAR GOYAL (ACCOUNTANT) (37 Points)
19 June 2011Is a coaching institute running under a company is liable to pay service tax on fees recd.can company claim exemption under notification no.9/2003 of service tax.Please answer ?????
Azim Khan ACA,CS,CMA*,LLB*
(Proprietor)
(1312 Points)
Replied 19 June 2011
Any service provider MAY claim the exemption from service tax under the said notification being a small service provider upto a value of taxable service of Rs. 10,00,000 provided during the previous financial year its value of taxable services has not crossed Rs. 10,00,000. However, registration is required once the value of taxable services exceeds Rs. 900,000.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 20 June 2011
In the recent FA 2011, the possibility of no ST on coaching for courses resulting in a degree has been made. After confirmation all such coaching classes need not pay if provding education services to student which is part of the curriculam.
PAPPU SAFI
(Accountants)
(21 Points)
Replied 15 September 2012
Is coaching Institute liability of service tax
Accountants
CAclubindia
