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: ACCOUNTING STANDARD :: due date for vat payment :: TDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ACCOUNTING STANDARDS
 
 
« Service Tax »
 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
 Cabinet clears 4 Bills, GST likely to roll out by July 1
 GST may also impact income tax collections: Experts
 Companies, consultants grope in the dark to meet GST deadline
 Cabinet approves GST, e-commerce cos to pay up to 1% tax
 Cabinet approves supporting GST legislations ahead of 1 July roll-out
 GST: Centralized assessment for service-oriented industries likely
 Tax department to calculate GST’s impact on inflation

Govt. to scrap service tax on short courses: IIMs
March, 30th 2011

The government has finally acceded to the Indian Institute of Managements (IIM) long-standing demand for waiving of service tax on certain management courses.

The Central Board of Excise & Customs (CBEC) is learnt to have decided to waive service tax on open enrollment short duration executive programmes. The Commissioner of Service Tax will soon issue an order to this effect.

The move comes days after IIM-Ahmedabad director Samir Barua raised the issue on the sidelines of the institutes convocation presided over by Prime Minister Manmohan Singh.

Open enrollment short duration executive programmes are usually intensive management programmes on key management-related issues and attract a number of mid-career corporate executives and managers.

The programmes are popular and help earn the IIMs a decent revenue. But a service tax of around 10-12 per cent on these courses obviously hits the IIMs.

On March 27, Barua had said while the IIMs paid service tax on income generated from advisory work, consultancy services and customised courses, it was unfair to bring general education programmes under the service tax net.

The IIMs have been taking up the issue repeatedly with the Ministry of Finance and sought the Human Resource Development (HRD) Ministrys intervention many a time.

HRD Minister Kapil Sibal had even written to the Finance Minister in favour of IIMs that had also raised the issue in their Board of Governors (BoG) meet in March 2010.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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