GST in case of 12AA of the Income tax Act, 1961
Dear Experts,
An educational institution(Service recipient) registered u/s 12AA of the IT act, received the services in the form of seminor on training from the registerant of GST. In such case, Does institute registered u/s 12AA is liable to pay gst on the tax invoice raised by the service provider ?
Educational Institutions Registered Under Section 12AA Must Pay GST for Seminars, Reverse Charge Applies If Provider Unregistered. An educational institution registered under Section 12AA of the Income Tax Act, 1961, inquired about its liability to pay GST on services received for a seminar from a GST-registered provider. Experts clarified that under Notification No. 12/17-Central Tax Rate, services provided to entities registered under Section 12AA are exempt from GST. However, seminars are not considered charitable activities, and the service provider must collect and deposit GST. Additionally, if services are received from an unregistered supplier, the recipient is liable to pay GST under the reverse charge mechanism (RCM). (AI Summary)
Goods and Services Tax - GST
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