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TMI BlogApplicability of GST on various programmes conducted by Indian Institute of Managements (IIMs)X X X X Extracts X X X X X X X X Extracts X X X X ..... nto 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 of Manag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... programs specified above. 4. It is further, clarified that with effect from 31st 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 31st December 2018 w.e.f. January 2019. 5. For the period from 31st January, 2018 to 31st 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 29th June 2017 availäble to IIMs. The legal position in such situation has been clarified by Hon'ble Supreme Court in many cases ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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. 1st July, 2017 to 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. Ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er 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 other IIMs of India may kindly be referred bv IIMs and tax authorities during assessment. Annexure 2: Programmes not exempt under GST Law The executives / professi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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