AAAR : Reverses AAR, IIMs long duration post graduate programs exempt w.e.f. January 31, 2018

AAAR reverses AAR, holds that long duration post graduate diploma/degree granting programs offered by IIMB is exempt from GST for period post January 31, 2018 under Sl. No. 66 of Notification No. 12/2017-CT (Rate); With the enactment of Indian Institute of  Management Act, 2017 (IIM Act) w.e.f. January 31, 2018, IIMB is now a body corporate and hence all courses offered by IIMB qualify for exemption under Sr. No. 66 since IIMB is recognised ...