Rohit (Student) (57 Points)
24 April 2011
Suppose ICAI conducts online exams at Private Classes like Aptech. Obviously the Institute would be paying some consideration to Aptech classes.
Then what would this transaction be named as?
Whether it is liable to Service Tax or VAT and if yes, then at what rate of tax?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 24 April 2011
| Originally posted by : Rohit | ||
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Suppose ICAI conducts online exams at Private Classes like Aptech. Obviously the Institute would be paying some consideration to Aptech classes. Then what would this transaction be named as? Whether it is liable to Service Tax or VAT and if yes, then at what rate of tax? |
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they work as franchise, all tax liability goes to principal, centres get their remuneration / commission as per agreement between both companies.
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