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Saturday 15 September 2012

Service Tax not to be included for calculation of turnover for presumtive basis


M/s Mitchell Drilling International Pty. Ltd. ITA No.698/Del./2012
Sedco Forex International Drilling Inc. vs. Addl. DIT (International Taxation) in ITA
No.5284/Del./2011

Service Tax on Educational Service


Vide Not 25/2012, dated 20.06.2012 the Central Government exemptions to education services from the whole of the service tax leviable under section 66B of the FA 1994.   Item No. 9 of the said mega Notification provides that the services to or by an educational institution in respect of education exempted from service tax by way of-