Service tax on iim
This query is : Resolved
06 March 2013
Sir , a partnership firm is providing services as work contract to IIM regarding painting and repairing of its guest house and IIM Bhawan. Whether service tax will be paid by the firm or it will be exempt on account of goverment authority or on account of educational institution. Thanks
07 March 2013
Firm would pay the service tax @ 70% if repair etc. and for other 60% in full.
When it provides the service to body corporate then 50% would be borne by firm and 50% by service receiver.
When it provides the service to body corporate then 50% would be borne by firm and 50% by service receiver.
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