TaxTMI 
TaxTMI 
Cenvat Rules - Commercial Coaching & training
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....envat Rules - Commercial Coaching & training<br> Query (Issue) Started By: - satbir singh wahi Dated:- 21-4-2008 Last Reply Date:- 24-4-2008 Service Tax<br>Got 1 Reply<br>Service Tax<br>Sir Can u expl....
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....ain 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 &....
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.... 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] Reply By....
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.... V Ramanujam: The Reply: As per the amended CENVAT Rules, in the absence of separate records, the service provider providing both taxable/exempted service is to either pay 8% on value of exempted serv....
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....ice render or to reverse the CENVAT Credit relatable to inputs/input services used in providing the exempted service (as per formula prescribed). Thus, if render any vocational course, either you have....
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.... to pay 8% on its income or to reverse the CENVAT on input service relatable to providing of such course. But I feel TOEFL/IELTS course may not come within the term 'vocational course' which may be ex....
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....amined.<br> Discussion Forum - Knowledge Sharing ....