Search results
GST on Education Services. “Education” is not defined in the CGST Act but as per Apex Court decision in “Loka Shikshana Trust v/s CIT”, education is process of training and developing knowledge, skill and character of students by normal schooling.
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.
service tax – such that the tax was computed on a taxable base that extended beyond 100% of the contract sum. For example supply of food and beverage is liable to VAT on the entire value paid by customer, and at the same time, service tax is leviable on 40% of the same value. Another example could be works contracts that are liable to
1 paź 2024 · Here is a comprehensive guide on Taxation of Educational Institutions, Private Coaching classes and Distance Education under GST. Know which all educational Services are exempt under GST. Read to know more!
21 sie 2012 · Taxation of Services : An Education Guide By CBEC #pdf. Submitted By: Pankit. on 21 August 2012. Other files by the user. Downloaded: 973 times. File size: 1.22 MB.
Under GST, an “educational institution” may be defined as an institution providing services by way of: • Pre-school education and education up to higher secondary school or equivalent;
• Law relating to GST has been discussed thoroughly in easy language and in lucid style. • Every chapter contains complete explanation of the topic with suitable examples and, where necessary,...
