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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 ..... egrees, 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 IIMs are "educational institutions" as defined under notification No. 1136-F.T. dated 28.06.2017 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 of Managements are providing various long duration programmes (one year or more) for which they award diploma/ degree certificate duly recommended by Board of Governors as per the power vested in them under the IIM Act, 2017. Theref ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ption granted to IIMs vide Sl. No. 67 has become redundant. The same has been deleted vide notification No. 1901-F.T.[28/2018- Central Tax (Rate)] dated, 31st December, 2018 w. e. f. 1st January 2019. 5. For the period from 31st January, 2018 to 31st December, 2018, two exemptions, i.e. under Sl. No. 66 and under Sl. No. 67 of notification No. 1136-F.T.[12/2017-State Tax (Rate)], dated 28.06.2017 are available to the IIMs. The legal position in such situation has been clarified by Hon'ble Supreme Court in many cases that if there are two or more exemption notifications available to an assessee, the assessee can claim the one that is more beneficial to him. Therefore, from 31st January, 2018 to 31st December, 2018, IIMs can avail exemption ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vailable for participants other than students and are not exempt from GST. 7. Following summary table may be referred to while determining eligibility of various programmes 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 1st July, 2017 to 30th January, 2018 i. two-year full time Post Graduate Programme 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 programmes in Management. Exempt from GST i. One- yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 programmes 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 programmes 4. Post-Graduate Programme in Management for Executives (PGPX) - 12 months (1 year) full time program 5. e Post-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 other IIMs of India may kindly be referred by IIMs and tax authorities during assessment. Annexure 2: ..... X X X X Extracts X X X X X X X X Extracts X X X X
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