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Applicability of entry 66 of exemption on ICAI

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33 Points Posted on 01 May 2020
Is ICAI or ICMA or ICSI or any similar institutions in line with it is covered under purview of definition of educational institution given under entry 66?
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On 01 May 2020 at 18:57 Report
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GST Consultant
15986 Points Posted on 01 May 2020

Yes they are covered under the definition for services to students

55 Reply
On 01 May 2020 at 19:33
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33 Points Posted on 01 May 2020
But Sir, i have doubt that these all institutes are providing certified courses i.e CA,CS,CMA are certified courses and not degree qualifications
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On 01 May 2020 at 19:36
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GST Consultant
15986 Points Posted on 01 May 2020

The word given is qualification. And these qualifications are recognised by law.

55 Reply
On 01 May 2020 at 19:46
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Student
23688 Points Posted on 01 May 2020
Yes they are covered since they are recongnised by Law like ICAI is a statutory body established under an Act of Parliament i.e. CHARTERED ACCOUNTANTS Act of 1949.
97 Reply
On 01 May 2020 at 20:03
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33 Points Posted on 02 May 2020
Agreed ,But on a further note to be "a qualification recognized by law in India for time being in force" it should be i.e ICAI and other similar bodies should be approved under University Grants Comission..
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On 02 May 2020 at 11:37
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GST Consultant
15986 Points Posted on 02 May 2020
Not necessarily. There is a separate act for all these institutions.
55 Reply
On 02 May 2020 at 13:14
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2 Points Posted on 11 April 2024

If ICAI branches are qualified as educational institute then will the services provided by a teacher to institute liable for GST.

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On 11 April 2024 at 10:37


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