TaxTMI 
TaxTMI 
GST on amount deducted while refunding fees to students due to cancellation of admission
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....ST on amount deducted while refunding fees to students due to cancellation of admission<br> Query (Issue) Started By: - Mratunjaya Vajramatti Dated:- 22-1-2024 Last Reply Date:- 2-2-2024 Service Tax<b....
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....r>Got 3 Replies<br>Service Tax<br>Hi, suppose a particular students admission is cancelled, student is paid back his fees after deducting some % of amount. is GST applicable on this deducted amount....
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.....??? Reply By Shilpi Jain: The Reply: What is the reason for the deduction? I mean why is some portion of money retained? Reply By KASTURI SETHI: The Reply: I have observed that it is a practice i....
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....n some schools and colleges. This is deducted as processing/scrutiny of the admission forms. It is covered under Schedule-II (5)(e) of CGST Act and GST is applicable. Reply By Padmanathan Kollengode:....
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.... The Reply: Dear querist, need more inputs. What is the reason for retaining such amount?<br> Discussion Forum - Knowledge Sharing ....