If an educational institution being one of the IITs, conducts a seminar on a topic of advanced research and on that behalf, receives sponsorship money from corporates and collects registration fees from delegates, do they also have to collect GST on such amounts????
PS: The educational institution is providing education recognized by law, set up by an Act of parliament, exempt u/s 10(23c)(iiiad) of the Income Tax Act 1961, fully funded by Central Government and is also registered as a society.
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