Is a coaching institute running under a company is liable to pay service tax on fees recd.can company claim exemption under notification no.9/2003 of service tax.Please answer ?????
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liability of service tax of a coaching institute
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Any service provider MAY claim the exemption from service tax under the said notification being a small service provider upto a value of taxable service of Rs. 10,00,000 provided during the previous financial year its value of taxable services has not crossed Rs. 10,00,000. However, registration is required once the value of taxable services exceeds Rs. 900,000.
In the recent FA 2011, the possibility of no ST on coaching for courses resulting in a degree has been made. After confirmation all such coaching classes need not pay if provding education services to student which is part of the curriculam.
Is coaching Institute liability of service tax
Accountants
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