Commercial Coaching: Only commercial for Government
Prepared By:
CA Pradeep Jain
Mayank Palgauta
The budget, 2010-11 has brought many changes in Service Tax field, although the same was not referred in Finance Minister’s speech. Yet there are many changes in service tax. The service providers of “commercial training or coaching service” are greatly affected due to applicability of new Notifications inserted in this Budget. Prior to this Budget, the word “Commercial” was a point of litigation that this word is to be considered as “for profit making” or not, for service tax purposes. Therefore, we are giving the whole analysis of notifications which will help to know how they will affect upon service providers of the said service.
Definition:
The definition of Commercial training or coaching service has been given in Section 65 (26) of the Finance Act, 1994. The said definition is reproduced hereunder for ready reference, .....read more
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