https://www.taxtmi.com/article/detailed?id=7050 The Model GST would treat many coaching and training activities as taxable while exempting government-provided education: Schedule IV exempts government-supplied services for pre-school to higher secondary, curriculum-based qualification education and approved vocational courses, but does not expressly exclude private coaching. Anticipated operational effects include higher effective tax rates, valuation issues for discounts and scholarships, multiple-state registration requirements, increased invoicing and returns, GST audits above turnover thresholds, and an easier input tax credit mechanism compared with current Cenvat rules. en-us Thu, 27 Oct 2016 07:56:11 +0530 Thu, 27 Oct 2016 07:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7050 The Model GST would treat many coaching and training activities as taxable while exempting government-provided education: Schedule IV exempts government-supplied services for pre-school to higher secondary, curriculum-based qualification education and approved vocational courses, but does not expressly exclude private coaching. Anticipated operational effects include higher effective tax rates, valuation issues for discounts and scholarships, multiple-state registration requirements, increased invoicing and returns, GST audits above turnover thresholds, and an easier input tax credit mechanism compared with current Cenvat rules. Articles Goods and Services Tax - GST Thu, 27 Oct 2016 07:56:11 +0530 https://www.taxtmi.com/article/detailed?id=7050