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TMI BlogClarification on Applicability 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 ..... sions 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 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. II(2)/CTR 532(d-5)/2017 dated 29.06.2017 issued under the TNGST Act, 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 variou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... further, clarified that with effect from 31st January, 2018, all IIMs have become eligible for exemption benefit under Sl. No. 66 of notification No. II(2)/532/(d-15)/2017 dated 29.06.2017. As such, specific exemption granted to IIMs vide SI. No. 67 has become redundant. The same has been deleted vide notification No. II(2)/1099/(e-15)/2018 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. II (2)/532/(d-15)/2017, dated 29.06.2017 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ticipants other than students and are not exempt from GST. 7. Following summary 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. 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. Exempt from GST i. One- year Post Graduate Programs for Execut ..... X X X X Extracts X X X X X X X X Extracts X X X X
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