Educational institution status under IIM Act enables GST exemption for long duration IIM programmes from levy. With effect from 31 January 2018, all scheduled IIMs qualify as educational institutions under the cited notification, making services to students in long duration programmes (one year or more) that confer law recognised degrees or diplomas exempt from GST; by contrast, short duration executive programmes awarding participation certificates (less than one year) are not exempt and attract standard GST.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Educational institution status under IIM Act enables GST exemption for long duration IIM programmes from levy.
With effect from 31 January 2018, all scheduled IIMs qualify as educational institutions under the cited notification, making services to students in long duration programmes (one year or more) that confer law recognised degrees or diplomas exempt from GST; by contrast, short duration executive programmes awarding participation certificates (less than one year) are not exempt and attract standard GST.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
