Covered under negative list and exempt or not
This query is : Open
17 February 2015
One granted college runs special batch for the bright students who secured above 90% marks.
They collect fees from them and arranges extra lectures from the faculties from college as well as outsiders.The fees collected is expended to pay remuneration, exam material etc and some surplus remains. What is the liability under Service Tax. Is this covered under Negative List and exempt? Please opine
They collect fees from them and arranges extra lectures from the faculties from college as well as outsiders.The fees collected is expended to pay remuneration, exam material etc and some surplus remains. What is the liability under Service Tax. Is this covered under Negative List and exempt? Please opine
17 February 2015
This may not covered under negative list. because of outsider faculty called and remuneration of such faculties recovered from student. It is a kind of commercial activity and liable for service tax.
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