Symbiosis Institute of Management a commercial coaching centre?
SIMS is a nationally renowned B school almost on par with the IIMs, but the Service Tax department in Pune is not impressed. They have been slapped with a Show Cause Notice for evasion of Service Tax to the tune of Rs. 35 Crores. Can a premier institute imparting high quality education be called a commercial coaching or training centre? Is there no difference between coaching and education? Isn’t it a constitutional requirement to promote education? Then can education be taxed?
The Kerala High Court had in observed, Tax on education, particularly when the incidence of tax is passed on to the beneficiaries, that is, the students, is a regressive legislation and has to be condemned, more so, when large number of poor people seek salvation through education and employment.
And this was in relation to parallel colleges which are just teaching shops! Unfortunately. Symbiosis does not get the status of a street corner parallel college in Kerala.
Until tomorrow with more DDT
Have a nice day.
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