TMI BlogClarification on Applicability of GST on various programmes conducted by the Indian Institutes of Managements (IIMs).X X X X Extracts X X X X X X X X Extracts X X X X ..... to the Indian Institutes of Management Act, 2018 which came into force on 31 st 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. II(2)/CTR 532(d-5)/2017 dated 29.06.2017 issued under the TNGST Act, 2017 as they provide education as a part of a curriculum for obtaining a qualification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Therefore, for the period from 1 st July, 2017 to 30 th 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. II(2)/532/(d-15)/2017 dated 29.06.2017. As such, specific exemption granted to IIMs vide SI. No. 67 has become redundant. The same has been deleted vide notification No. II(2)/1099/(e-15)/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, i.e. under Sl. No. 66 and under Sl. No. 67 of notification No. II (2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion 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. Sl.No. Periods Programmes offered by Indian Institutes of Management Whether exempt from GST 1. 1 st ..... X X X X Extracts X X X X X X X X Extracts X X X X
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