Payment to Private Classes

Student

42 Points Posted on 24 April 2011

Suppose ICAI conducts online exams at Private Classes like Aptech. Obviously the Institute would be paying some consideration to Aptech classes.

Then what would this transaction be named as?

Whether it is liable to Service Tax or VAT and if yes, then at what rate of tax?

Replies (2)

glidor@gmail.com

21670 Points Posted on 24 April 2011

Originally posted by : Rohit
	Suppose ICAI conducts online exams at Private Classes like Aptech. Obviously the Institute would be paying some consideration to Aptech classes. Then what would this transaction be named as? Whether it is liable to Service Tax or VAT and if yes, then at what rate of tax?

they work as franchise, all tax liability goes to principal, centres get their remuneration / commission as per agreement between both companies.

Posted on 24 April 2011

AGREED WITH U S SHARMA

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