IIM exempt from service tax for services rendered before May 1, 2006, despite post-date payments, per CBEC Circular. https://www.taxtmi.com/highlights?id=42736 If the service is rendered prior to 01.05.2006, no liability of service tax will fall on the Institute, even if payment is received after this date since it has been clarified by the CBEC in Circular dated 01.11.2006 that IIM cannot be considered as Commercial Concern. en-us Wed, 21 Nov 2018 21:29:13 +0530 Wed, 21 Nov 2018 21:29:13 +0530 TaxTMI RSS Generator IIM exempt from service tax for services rendered before May 1, 2006, despite post-date payments, per CBEC Circular. https://www.taxtmi.com/highlights?id=42736 If the service is rendered prior to 01.05.2006, no liability of service tax will fall on the Institute, even if payment is received after this date since it has been clarified by the CBEC in Circular dated 01.11.2006 that IIM cannot be considered as Commercial Concern. Highlights Service Tax Wed, 21 Nov 2018 21:29:13 +0530 https://www.taxtmi.com/highlights?id=42736