CBIC clarifies about GST applicability on various IIM programmes pre and post Jan 31, 2018

CBIC clarifies that all Indian Institutes of Managements (IIMs) are “educational institutions” w.e.f. January 31, 2018 as defined under Notification No. 12/ 2017- Central Tax (Rate) as they provide education as part of curriculum for obtaining qualification recognised by law for time being in force; Clarifies further that services provided by IIMs to students in all such long duration programs (one year or more) for which they award diploma/d...