service tax of educational institutes

[D.krishna Rao]

we registered under socities act for promoting intermediate education which was regulated by Board of inter mediate;govt.of AP.we have taken the premises for lease to run the college.we have applied for 12A registration to the concerned income tax authority and the same is under process.We wish to know the service tax liability of our society under the latest provisions and circulars regarding the tax aveon immovable properties and service tax on fee collections from students and its CENVAT CREDIT provisions.we have obtained permission from Board of intermediate and govt. of AP to start the college also.

AI Summary

Educational Society Seeks Clarity on Service Tax for Leased Properties, Student Fees, and CENVAT Credit Under Societies Act An educational society registered under the Societies Act and operating a college in Andhra Pradesh seeks clarity on service tax liabilities. They have leased premises, applied for 12A registration, and obtained necessary permissions. The society is inquiring about service tax on immovable properties, fee collections from students, and CENVAT credit provisions. A respondent referred them to a legal case, Great Lakes Institute of Management Ltd. v. Commissioner, for guidance on the issue.