CENTRAL SCHOOL EXEMPTION

[MUSKAN AGARWAL]

IF A CENTRAL SCHOOL IS SERVICE RECEIVER OF FINANCE SERVICE.

SO CENTRAL SCHOOL IS EXEMPT FOR GST APPLICATION OR NOT

AI Summary

Schools Not Exempt from GST: Chartered Accountants Must Register and Collect GST for Financial Services Provided. A discussion on a forum addresses whether a central school, as a recipient of financial services, is exempt from GST application. The main query is about the GST registration requirement for schools receiving services from a chartered accountant firm. Experts clarify that financial services are not exempt under the Reverse Charge Mechanism but fall under the Forward Charge Mechanism. Thus, the service provider must register under GST and collect GST from the school. The school itself is not required to register for GST. Relevant legal notifications are cited to support this explanation.