TMI BlogIf the service is rendered prior to 01.05.2006, no liability of service tax will fall on the Institute,...If the service is rendered prior to 01.05.2006, no liability of service tax will fall on the Institute, even if payment is received after this date since it has been clarified by the CBEC in Circular dated 01.11.2006 that IIM cannot be considered as Commercial Concern. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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