9911796707
TMI BlogFirst victim of retrospective amendment in Service Tax - 'Great Lake Institute of Management'X X X X Extracts X X X X X X X X Extracts X X X X ..... First victim of retrospective amendment in Service Tax - 'Great Lake Institute of Management' X X X X Extracts X X X X X X X X Extracts X X X X ..... aritable organization under the Income Tax Act, 1961. Though the appellants earned some surplus income from the activity of imparting education, we hold that activity they are engaged in is predominantly one of public utility benefiting eligible youth thereby sub-serving a much larger interest of providing useful talents to the industry and ultimately the economy of the country. No individual is g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aining any monetary benefit out of the activity of GLIM. The appellants are housed in a small facility in Saidapet and propose to re-locate to spacious premises and own building to be constructed. They have already allocated most of the savings to achieve this objective. We find that the appellants are acting strictly in accordance with the MOA, imparting quality education which has received well ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deserved recognition. 6.1 Healthcare and education are social services essential to provide minimum quality of life to the people of a country. As the demand for these services cannot be met by the Public Sector alone, private sector fills the gap. For most of them in the private sector, health & education are lucrative business. However, we find that education in the instant case is not a busin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ess. The primary object of GLIM is to impart education. Profit making is not its main motive. The refrain of the several judicial authorities cited is that profit motive characterizes a commercial concern as against general public utility in the case of a charitable organization. Therefore GLIM is not a commercial concern and the training or coaching provided by GLIM is not a commercial activity. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... In the view we have taken of the issue on merits we do not consider it necessary to examine the question if the demand is time barred. In the circumstances, we set aside the impugned order and allow the appeal filed by M/s. Great Lakes Institute of Management." Revenue has filing an appeal before the honorable Supreme Court. - COMMR. OF S.T., CHENNAI Versus GREAT LAKES INSTITUTE OF MANAGEMENT LTD ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . [2010 -TMI - 77179 - SUPREME COURT]
Apex Court after hearing the matter and seen the retrospective amendment w.e.f. 1.7.2003, remanded back the matter before CESTAT for denovo consideration. X X X X Extracts X X X X X X X X Extracts X X X X
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