GST exemption on services by IIM part 2

GST exemption on services by IIM part 2

 

Services provided by the Indian Institutes of Management, as per the guidelines of the Central

Government, to their students, by way of the following educational programmes, except Executive

Development Programme, -

(a) two year full time residential 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 Indian Institute of Management;

(b) fellow programme in Management;

(c) five year integrated programme in Management.

GST exemption on services by IIM part 2

Zero rate of GST on Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, educational programmes fellow programme in Management

Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, educational programmes fellow programme in Management attracts no GST

 

Any GST payable for Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes fellow programme in Management? Does Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes fellow programme in Management fall under GST exemption list?  Should I need to pay GST on my service product Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes fellow programme in Management?


As per GST Law 2017, there is no GST payable on Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes fellow programme in Management.  

So the rate of GST payable on Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes fellow programme in Management is nil rate.

 

We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. under GST- 5 percent for essential goods, standard rate of 12 and 18 percent, high rate of 28 percent and peak rate of 28 percent plus cess for luxury items. The most essential goods and services attract nil rate of GST under Exempted Categories

 

 

The above details about GST rate tariff on Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes fellow programme in Management is only for information.

The validity of above information and amendments about GST rate on Services provided by the Indian Institutes of Management, as per the guidelines of the Central Government, to their students, by way of the following educational programmes fellow programme in Management may be verified before any business dealing.

 

 

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