30 September 2016
One of My Client providing the services to education institutes on contract basis for meals( Mess Services). some contract are inclusive of Material used and some of only for services provides. Institutes would not recover any amount from the students, all project are funded by the Govt. However the Gross Receipts are more than 1 Cr, kindly suggest what would be the tax treatment for the Mess Operator.
CAclubindia
