Canteen services provided to a institution on contract basis
This query is : Resolved
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.
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.
30 September 2016
No service tax payable on this service. Applicable income tax payable on the profit earned/opt for 44AD profit.
30 September 2016
whether we need to register for Service tax, because he is working as a contractor.
30 September 2016
This is exempted service provided to recognized educational institution no need of registration.
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