is service tax applicable on the following
1.mutual fund distribution
2.vocational and recreational coaching institute
plz.reply with relevant case laws and explanations
thanks in advance
CS Vijay Daxini (At Practice) (732 Points)
20 July 2010is service tax applicable on the following
1.mutual fund distribution
2.vocational and recreational coaching institute
plz.reply with relevant case laws and explanations
thanks in advance
S. Banerjee
(Practising Cost Accountant. Core area- Central Excise. Service Tax Costing system installation including maintenance of Cost Records and Cost Audit and Management Audit mainly Revenue leakages Audit)
(622 Points)
Replied 21 July 2010
Mr. Vijay,
Commercial Training or Coaching Service is defined under Section 65(27) of the Finance Act 1994,l Commercial Training or Coaching Centre means any Institute or establishment providing commercial training or coaching for imparting skill or knowledge or lessons on any subject or field other than sports, with or without issuance of certificate and includes coaching or tutorial classes but does not include pre-school coaching and training center or any institute or establishment which issues any certificate or Diploma or Degree or any educational qualification recognized by law for the time being in force.
Please see the Circular as mentioned under:
Vocational Training and
Hope this will serve your purpose,
Thanks, S. Banerjee
Shwetha
(CA Final)
(67 Points)
Replied 21 July 2010
Hai Daxini
Refer the following link:
https://www.servicetax.gov.in/st-cirmainpg.htm
it is about applicability of service tax for vocational training institute.
regards.
Shwetha
(CA Final)
(67 Points)
Replied 21 July 2010
refer circular no: 107/01/2009 in the above link....
Thanks
CS Vijay Daxini
(At Practice)
(732 Points)
Replied 22 July 2010
thxs ao all of u for u r immense help....
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)