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Taxation of Services: An Education Guide TRU, Central Board of Excise & Customs, Department of Revenue, Ministry of Finance June 20, 2012 1. Introduction 1.1 Background The journey of taxation of services began by selective taxation of just three services on July 1, 1994. The first year collections now appear a very modest at Rs 407 crore.
For tax-free educational assistance received in 2023, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance allocable to that academic period.
24 wrz 2012 · Taxation of services - An education guide without legal backing. Through a press release dated 20th June, 2012 the official spokesperson of the Central Board of Excise & Customs announced the release of guidance paper on service tax titled “Taxation of Services : An Education Guide”.
This guide is aimed at educating the tax payers and the tax administrators on various aspects of the new concept in order to assist them in gaining better understanding about the new system of taxation.
attention to Service tax, which is an exciting phenomenon amongst the indirect taxes. The Service tax net is rapidly expanding and it promises a robust future. This book here provides an insight into the major provisions of the Finance Act 1994, updated with changes upto 10
27 wrz 2013 · Services should be provided by way of auxiliary educational services. The definition of ‘auxiliary educational services’ is given under clause (f) of part 2 of the notification 25/2012-ST. In terms of the definition, the following activities are auxiliary educational services:
11 sty 2018 · Education Services are classified in heading 9992 (as per Notification No. 11/2017-Central Tax (Rate)) and are further sub-divided into six groups (as per the Annexure to the same notification) comprising of Pre-primary, primary, secondary, higher, specialised and other educational & support services as below:
