Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Service Tax »
Open DEMAT Account in 24 hrs
 Income Tax SFT return filing due date extension: Facility to remain open for a couple of days Latest news
 Income tax filing: Waiting for your Form 16? Here is what you need to know
 Salaried? Rental tax calculation rules you should know before ITR filing in 2023
 What are new tax regime's slabs? Know its limits, benefits, and more
 How much additional tax do you need to pay? ITR filing last date for FY 2019-20
 Income Tax Return Filing: How to file ITR - step-by-step guide
 New Income Tax Slabs for Super Senior Citizens 2023-24: Which rate will apply for ITR now?
 Income Tax Return filing 2023 data: How many Indians aged 18-35 years file ITR?
 Make tax-saving a part of your overall investment plan
 Filing ITR? Maximize Your Tax Savings With These 7 Allowance Benefits
 Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act, 1961 ('Act') in view of the then-Covid-19 pandemic

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 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting