Cenvat Rules - Commercial Coaching & training

[satbir singhwahi]

Sir Can u explain by way of example the new cenvat rules for Commercial Coaching & training Company which renders both taxable and exempted services and no seperate record is kept for input services as to taxable & exempted services.Also clarify whether TOEFL & IELTS cources are exempt under vocational services in respect of forign language cources. Satbir Singh Wahi Fca 09143-31105 [email protected]

AI Summary

New CENVAT Rules: Service Providers Must Pay 8% or Reverse Credit for Exempted Services; TOEFL, IELTS Status Unclear. A query was raised regarding the application of new CENVAT rules for a commercial coaching and training company that provides both taxable and exempted services without maintaining separate records for input services. The response explained that, under the amended rules, the service provider must either pay 8% on the value of exempted services or reverse the CENVAT Credit related to inputs used for exempted services. It was noted that TOEFL and IELTS courses might not qualify as 'vocational courses' and should be further examined for exemption status.