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Long duration diploma/degree certificate courses offered by IIM are exempt from GST w.e.f 31.01.2018

March 13, 2019[2019] 103 taxmann.com 156 (AAAR-KARNATAKA)
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GST : Order of AAR set aside holding that pursuant to enactment of IIM Act, 2017, with effect from 31-1-2018, long duration post graduate programs offered by Indian Institute of Management, Bengaluru (IIMB) will be exempt from GST under SI. No. 66 of Notification No. 12/2017-CT(R) as amended. During the period 31-1-2018 to 31-12-2018, IIMB can avail benefit of exemption under either SI. No. 66 or SI. No. 67 of Notification No. 12/2017-CT (R) dated 28-6-2017 as amended

• IIMB will be eligible for exemption from payment of IGST in respect of supply of online journals and periodicals received from a person located in a non-taxable territory in terms of SI. No. 10 of Notification No. 09/2017 IT (R) dated 28-6-2017 as amended.

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