Service Tax may hits IIM and IIT campus recruiters
Service Tax departments are now planning to take the service tax on the fees that institutes like IIM (Indian Institute of Management) and IIT (Indian Institute of Technology) takes from the multinationals and Indian companies that take the student in campus selections. So, the companies that need the students will have to pay an additional 12.24% on the fees they pay to the institutes. The institution levy fees on these companies depending upon number of days the campus selection actually starts.
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August 30th, 2006 at 2:56 am
Did the service tax department ever tax the lawyers for their services?
I’m afraid that this must not be a game of politicians. Well, one fine day the service tax department will say that the education that you provide to the students is also a service and that would also be charged and all the charges will be paid by the parents.