SENTHURKANI (PROPRIETOR) (33 Points)
14 November 2013
CA Neeraj Bansal
(Profession)
(191 Points)
Replied 14 November 2013
sweta
(CA)
(36 Points)
Replied 14 November 2013
The Dude
(Specialist- Finance)
(303 Points)
Replied 15 November 2013
CA Kanagaraj R
(CA, CS & CWA)
(86 Points)
Replied 16 November 2013
The relevant portion of notification 25/2012 is reproduced below for reference:
9. Services provided to or by an educational institution in respect of education exempted from service tax, by way of,-
It could be observed that, services provided by an educational institution in respect of education is only exempt. However, if it is for commercial purposes not relating to education, I doubt whether exemption could be availed.
Rgds,
CA Kanagaraj R
CA. Narottam Kumar Rawat
(Indirect Tax Consultant)
(394 Points)
Replied 16 November 2013
Please note that Entry No. 9 under NN. 25/2012 has been amended vide notification no. 3/2013 dated 1-3-2013. And the word " or by" has been removed. Therefore now modified text is as under:
9. Services provided to or by an educational institution in respect of education exempted from service tax, by way of,-
(a) auxiliary educational services; or
(b) renting of immovable property;
Therefore, renting of immovable property by educational institution is TAXABLE.
M.Prabhakaran
(Accountant)
(24 Points)
Replied 31 January 2014
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