GST EFFECTS ON EDUCATION SECTOR: BEST GST SOFTWARE

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Education is the important sector in India, govt want to provide low cost education to all with exemption in tax.Here are some major key points  written below:

http://www.ssstp.com

  • Education institutions defined here are exempted from GST:
  • Pre-school up to higher secondary or equivalent
  • Education which part of a curriculum, aimed at the obtaining of a qualification, as recognized by law
  • Education which is part of approved vocational courses
Now Education related Services That are out from GST are:



  • Curriculum/course materials
  • Assessment/examination fees
  • Student administrative services, such as registration, academic transcripts, issuing/replacing student cards, late fee payments etc.
  • Excursion/field trips related to the course /curriculum (Food provided etc. are not exempted)
  • Services provided to students/faculty/staff:
  • Transportation of students/faculty/staff
  • Catering, including any mid-day meals scheme sponsored by the Government;
  • Security/cleaning/house-keeping services
  • Services relating to admission/conduct of examination (up to higher secondary)


    • Some service From IIMs exempted From GST:
    • 2 year full-time residential PG programs in Management for Post Graduate Diploma in Management (admissions via CAT)
    • Fellowship programs in Management
    • 5 Year Integrated Programs in management studies (excludes the Executive Development Program).
    Some institutions also exempted from GST:
    • National Skill Development Corporation set up by Indian government
    • National Skill Development Corporation approved sector skill councils
    • National Skill Development Corporation approved assessment agencies
    • The national skill development programs approved by NSDC
    • A vocational skill development program approved under national skill certification and monetary reward scheme
    • Any scheme implemented by NSDC with training partners
    Some service that are not exempted from GST:
    • Education supplies provided by third parties e.g. sports equipment, computer, musical instruments etc.
    • After school activities that are offered by third parties directly
    • Food/accommodation as provided in excursions
    • Uniform, stationary etc. (non-educational supplies)
    Education provided by higher/private institutions:
    • Education provided by private institutions get more expensive like 3 to 5% ,other institutions that are not exempted have to pay 18% GST.
    • Coaching institutes are not exempted from GST attracts 18 % GST.
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