21 December 2023
Dear GST Experts, The Schools are not required to register under GST. But, my question is; In every school they are purchasing Note Books Incl GST & Text Books Excl GST and same they're distributing to the Students and collecting the fee under the head of Book Fee. In this transactions any trade is involving and It impacts the GST?... How do the schools will comply this as per GST law?...
14 January 2024
The GST Act tries to maintain a fine balance whereby core educational services provided and received by educational institutions are exempt and other services are sought to be taxed at the standard rate of 18%
CAclubindia
