The government made it clear on Thursday that educational institutes, including the Indian Institutes of Management (IIMs) and Indian Institutes of Technology (IITs), would have to pay service tax for providing campus recruitment to their graduates.
“Educational institutes such as IITs and IIMs fall within the definition of “manpower recruitment or supply agency” and would have to pay service tax for providing campus recruitment,” a government circular said.
In the comprehensive circular, the government clarified on several other contentious issues related to service tax.
Servic e-Tax on 'Campus Recruitment' ::
News posted by
CCI News Desk
Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.
Recent News :
- CBDT Clarifies Tax Treatment of BSNL and MTNL VRS-2019 Compensation Under Section 10(10C)
- New RBI Export Rules Raise Paperwork Concerns for Freelancers and Small Businesses
- MCA21 V3 Portal Login Failures and Errors Disrupt Annual Return Filings for Professionals
- GST Reforms to Begin from 1st Nov 2026: Major Changes from April 2027
- Equity Tax Debate Intensifies as Investors Seek STT and LTCG Relief
- CBIC Appoints Common Adjudicating Authority for 7 Customs Notices Against Amway India
- GST Council Proposes Removing ITC Blocks to Reduce Business Tax Costs
- GST Council Proposes Simpler Compliance Amid Heavy Tax Payments and ITC Challenges
- CBDT Exempts Maharajah INR Bond Interest from TDS for Tax Year 2026-27 Onwards
- CBDT Notifies Form 173A for Tax Exemption Claims on Govt Securities Under Income Tax Act 2025
Popular News
- Tax Audit Extension Demand to 31st Oct 2026 Amid GST Relief and Court Rulings
- Central Excise Duty Revised to Rs 2.5 and Rs 8.5 Per Litre from 16th October 2026
- ICAI Issues New Tender Guidelines for Practising CAs, Bars Bids Without Minimum Fees
- TDS Challan for FY 2025-26 Valid for TY 2026-27 Under Cross-Year Utilisation Rules
- GSTN Introduces New e-Invoicing Facility for Reverse Charge Transactions: RCMDOM and RCMIMP Explained
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
