Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARDS :: VAT RATES :: ACCOUNTING STANDARD :: due date for vat payment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Service Tax »
 GST to result in price reduction for consumers: Hasmukh Adhia
 Bill gives free hand to CAG to audit GST operation
 Lok Sabha to discuss GST bills on Wednesday
 GST to strengthen organised logistics companies
 No need for Parliament nod to waive property tax in Delhi
 CBEC to be renamed, reorganised for GST regime
  GST debate now continues on categorisation of products
 GST coming soon, but don’t expect quick benefits; rich valuation to stall stocks
 FM Arun Jaitley underlines urgency to pass GST bills in this Parliament session
 Government may table 4 GST bills in Parliament today
 Applicability Of Gst Law On Educational Institutions

Educational institutes exempted from service tax
November, 18th 2013

In a major relief to all educational institutes, the Central Board of Excise and Customs (CBEC) has exempted all educational institutions from paying any service tax for any service being provided to them.

The order issued in September this year, is still not known by many running educational institutes here in the city.

When paying service tax was announced as mandatory by all business and commercial establishments, the educational institutes had then sought a clarification. On clarification sought by various educational organisation, CBEC stepped ahead and clarified through its circular that no service tax shall be charged on services provided to the educational institutions.

This would certainly allow such institutions to save a lot of amount which may be further applied for the betterment of educational services.

Notably, educational institutions have been relieved from paying service tax on the services availed by them which provide assistance in running of their institution. These services are termed as “Auxiliary Educational Services”, which means any services which provide supplementary or additional help and support. Various services like canteen services, security services etc are those which are providing additional help and assist the educational institutes to concentrate on their core area of education.

Meanwhile, this move would obviously prove a boon for such institutes, as this would enable them to provide better education and infrastructure to the students.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions