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' ::
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