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TMI BlogApplicability of GST on various programmes conducted by the Indian Institutes of Managements (IIMs)X X X X Extracts X X X X X X X X Extracts X X X X ..... nagement Act, 2018 which came into force on 31st January, 2018. According to provisions of the IIM Act, all the 11Ms listed c; in the schedule to the 11M 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 courses or programmes of study, and (iii) specify the academic content of programmes. Therefore, with effect from 31st January, 2018, all the IIM are "educational institutions" as defined under G.O.Ms.No.588, Revenue (Commercial Taxes-II), 12th December, 2017 {corresponding notification No. 12/2017-Central Tax (Rate) dated 28.06.2017} as they provide education as a part of a curriculum for obtaini ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CAT) conducted by the Indian Institute of Management, (ii) fellow programme in Management, (iii) five years integrated programme in Management. Therefore, for the period from 1st July, 2017 to 30thJanuary, 2018, GST exemption would be available only to three long duration programs specified above. 4. It is further, clarified that with effect from 3 January, 2018, all IIMs have become eligible for exemption benefit under Sl. No. 66 of in G.O.Ms.No.588, Revenue (Commercial Taxes-II), 12th December, 2017 {corresponding notification No. 12/2017 Central Tax (Rate) dated 28.06.2017}. As such, specific exemption granted to 11Ms vide Sl. No. 67 has become redundant. The same has been deleted vide G.O.Ms.No.25 Rev.(CT-II) Dept. Dt. 1801-2019 {co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provide various short duration/ short term programs for which they award participation certificate to the executives/ professionals as they are considered as "participants" of the said programs. These participation certificates are not any qualification recognized by law. Such participants are also not considered as students of Indian Institutes of Management. Services provided by 11Ms as an educational institution to such participants is not exempt from GST. Such short duration executive programs attract standard rate of GST @ 18% (CGST 9% + SGST 9%). As per information received from IIM Ahmedabad, annexure 2 to this circular provides a sample list of programs which are short duration executive development programs, available for particip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) which are not a qualification recognized by law. Not exempt from GST Chief Commissioner Annexure 1 : (Programmes exempt under GST Law) The IIM- Ahmedabad refers such persons as their students who attend long duration programmes offered by the Institute for which diplomas / 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 11M 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-Graduate Programme in Management for Executives (PGPX) - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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