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Applicability of Service Tax

This query is : Resolved 

17 August 2010 A Coaching Institute received Rs.1,60,000/- against Admission Fee, Rs.8,50,000/- against Tuition Fee and Rs.4,00,000/- against Study Material & Books.

What is Taxable Service & How much will be the Service Tax?

Thanks

27 August 2010 You need to charge service tax @10.30% on the entire value of consideration received (ie Rs. 14,10,000)

However, you can claim exemption from service tax on the value of study material and books supplied if the books are standard textbooks, which are priced. In case this condition is not satisfied, exemption cannot be claimed.


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