Applicability of GST on various programmes conducted by Indian Institute of Managements (IIMs)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ame 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 the courses or programmes of study, and (iii) specify the academic content of programmes. Therefore, with effect from 31st January, 2018, all the IIMs are "educational institutions" as defined under notification No. 12/2017- State Tax (Rate) dated 29th June 2017 as they provide education as a part of a curriculum for obtaining a qualification recognised by law for the time being in force. 2. At present, Indian Institutes o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ailable 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 entry al Sr.No. 66 of notification No. 12/ State Tax (Rate) dated 29th June 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. January 2019. 5. For the period from 31st January, 2018 to 31^st December, 2018 two exemptions- under entry at Sr. No. 66 and under entry at Sr. No. 67 of notification No. 12/2017- State Tax (Rate), dated 29^th June 2017 availäble to IIMs. The legal position in such situation has been clarified ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ar 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 summa1Y 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) (2) (3) (4) 1. 1^st July, 2017 to 30^th January, 2018 i. two-year full time Post Graduate Programmes in Management for the Post Graduate Diploma in Management, to which admissions are made on the basis of Common Admission Test (CAT) conducted by the Indian Institute of Manageme....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....degrees are awarded by the Institute. These programmes are awarded based on the recommendation by the Board of Governors as per the power vested in them under the IIM Act, 2017. Such programmes are: 1. Post-Graduate Programme (PGP) - 2-year program 2. Post-Graduate Programme in Food and Agri-Business Management (PGP-FABM) - 2-year program 3. Fellow Programme in Management (FPM) 4 to 5-year program 4. Post-Graduäte Programme in Management for Executives (PGPX) - 12 months (1 year) full time program 5. ePost-Graduate Programme (ePGP) - 2-year online program. This list is an example of long duration programs recognised under IIM Act, 2017 Offered by IIM Ahmedabad. Similar programs offered by....