TMI BlogApplicability of GST on various programmes conducted by Indian Institute of Managements (IIMs)X X X X Extracts X X X X X X X X Extracts X X X X ..... tification No. 6/2018-(Rate) [FTX.56/2017/Pt-111/76 dated 21.02-2018]. I am directed to invite your attention to the Indian Institutes of Management Act, 2018 which came into force on 31st January, 2018. According to provisions of the IIM Act, all the IIMs listed in the schedule to the IIM Act are institutions of national importance . They are empowered to (i) grant degrees, diplomas, and other academic distinctions or titles, (ii) specify the criteria and process for admission to courses or programmes of study, and (iii) specify the academic content of programmes. Therefore, with effect from 31 st January, 2018, all the IIMs are educational institutions as defined under notification No. 12/2017-(Rate) [FTX.56/2017/25 dated 29.06.2017 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e in Management, (iii) five years integrated programme in Management. Therefore, for the period from 1 st July, 2017 to 30th January, 2018, GST exemption would be available only to three long duration programs specified above. 4. It is further, clarified that with effect from 31 st January, 2018, all IIMs have become eligible for exemption benefit under Sl. No. 66 of notification No. 12/2017-(Rate) [FTX.56/2017/25 dated 29.06.2017]. As such, specific exemption granted to IIMs vide Sl. No. 67 has become redundant. The same has been deleted vide notification No.28/2018 dated, 31 st December, 2018 w.e.f. 1 st January 2019. 5. For the period from 31 st January, 2018 to 31 st December, 2018 two exemptions- under Sl. No. 66 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not any qualification recognized by law. Such participants are not considered as students of Indian Institutes of Management. Services provided by IIMs as an educational institution to such participants is not exempt from GST. Such short duration executive programs attract standard rate of GST @ 18% (CGST 9% + SGST 9%). As per information received from IIM Ahmedabad, annexure 2 to this circular provides a sample list of programmes which are short duration executive development programs, available for participants other than students and are not exempt from GST. 7. Following summary table may be referred to while determining eligibility of various programs conducted by Indian Institutes of Managements for exemption from GST. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hort duration executive development programs or need based specially designed programs (less than one year) which are not a qualification recognized by law. Not exempt from GST 8. This clarification applies, mutatis mutandis, to corresponding entries of respective IGST and CGST exemption notifications. Difficulty if any, in the implementation of this circular may be brought to the notice of the Board. 9. This Circular is clarificatory in nature and not meant for any interpretation of provisions of the Act and rules. 10. Difficulties, if any, in implementation of the above instructions may be brought to the notice of the Commissioner at an early date. 11. This Circular shall be deemed to have come int ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
