CBIC issued clarification on Applicability of GST on various programmes conducted by IIMs
CBIC issued clarification on Applicability of GST on various programmes conducted by the Indian Institutes of Managements (IIMs).
For the period from 1st July, 2017 to 30th January, 2018, GST exemption would be available only to three long duration programs of IIM .
It is further, clarified that with effect from 31st January, 2018, all IIMs have become eligible for exemption benefit under Sl. No. 66 of notification No. 12/ 2017- Central Tax (Rate) dated 28.06.2017. As such, specific exemption granted to IIMs vide Sl. No. 67 has become redundant. The same has been deleted vide notification No. 28/2018- Central Tax (Rate) dated, 31st December, 2019 w.e.f. 1st January.
Following summary table may be referred to while determining eligibility of various programs conducted by Indian Institutes of Managements for exemption from GST
|Periods||Programmes offered by Indian Institutes of Management||Whether|
exempt from GST
|1st July, 2017|
30th 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 Management,|
ii. fellow programme in Management,
iii. five years integrated programme in Management.
|Exempt from GST|
|i. One- year Post Graduate Programs for Executives,|
ii. Any programs other than those mentioned at Sl. No. 67 of notification No. 12/2017- Central Tax (Rate), dated 28.06.2017.
iii. All short duration executive development programs or need based specially designed
programs (less than one year).
|Not exempt from GST|
|All long duration programs (one year or more) conferring degree/ diploma as recommended by Board of Governors as per the power vested in them under the IIM Act, 2017 including one- year Post Graduate Programs for Executives.||Exempt from GST|
|All short duration executive development programs or need based specially designed programs (less than one year) which are not a qualification recognized by law.||Not exempt from GST|