Gst for schools
NICSON JOHN (514 Points)
07 July 2022
why schools are not registered under gst even though fee collection exceeds the limit.pls reply thanks in advance
3 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(8296 Points)
Replied 07 July 2022
GST Law recognises this and provides exemption to educational institutions,providing education up to higher secondary school or equivalent,from the levy of GST. Auxiliary services received by such educational institutions for the purpose of education up to Higher Secondary level is also exempt from GST.
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 07 July 2022
Same is exempted under GST
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