Collecting service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2015
I run a start up that provides remedial programs for in school and out of school children. I am planning to apply for some donor funding to do this program for a few kids. When I apply for this funding, I would be stating the unit cost per child. The total value of this proposal would be ~ Rs. 14-15 lakh.
My question is do i need to collect service tax since my revenues would exceed Rs. 10 lakh. Also, does what I do feature in the negative list?
My question is do i need to collect service tax since my revenues would exceed Rs. 10 lakh. Also, does what I do feature in the negative list?
29 January 2015
give details of all the activites and school etc
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2015
Start up is a private limited company. It is not a school. All we do is work with kids after school on English and Maths.
29 January 2015
then this service is not coevered by negative list and shall be taxable service.
https://taxclick.org/type/services-tax/negative-list-of-services-under-service-tax-as-amended-up-to-interim-budget-2014
refer point 12 in this link for more clarification
https://taxclick.org/type/services-tax/negative-list-of-services-under-service-tax-as-amended-up-to-interim-budget-2014
refer point 12 in this link for more clarification
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