Establishing colleges for running medical courses.
This query is : Resolved
21 November 2019
Usually, it has been the procedure to start educational institutions like Medical colleges in the form of societies, trusts or sec 25 companies (1956 Act ) . But my query is whether a Pvt ltd company can be established for running a Medical college which will be a tax paying company and whether MCI will permit that. If so, are there any such institutions in the country now running such colleges. This apart, what are the guidelines under GST Act on this?
Please enlighten me on these aspects and also the repercussions.
Please enlighten me on these aspects and also the repercussions.
21 November 2019
MCI will permit such one. No GST applicable on such approved educational institutions. Only difference is income tax exemption not available.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR selection for salaries and capital gain less than L
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
