Impact And Applicability of GST on Educational Institutions

Описание: Have you watched our last two videos on GST? Not yet. Watch it now to get an insight & to know the impact of GST in the context of charitable organizations. I am Ashis Agarwal from Team NGOenabler and after giving a fair idea of GST in the context of charitable organizations, today I will be discussing specifically about Impact and Applicability of GST on running of Educational Institutions. Again, the discussion on taxability and exemption of various services provided to and by the educational institutions shall be discussed in my next video. So, keep tuned to our channel and don’t forget to subscribe it for more such interesting topics.
To start with, let me give you a brief background. Education Sector is not only one of the most important and major sectors of Indian economy but with increased awareness it has also become one of the fastest growing sectors in the country. Under various articles of the Indian Constitution, free and compulsory education is provided as a fundamental right for children up to the age of 14. However, taxing the education sector has always been a sensitive issue, as it is looked upon more as a social activity than a business one. But gradually with the commercialization of education, the distinction between the core and ancillary education is blurring and it is becoming more of an organized industry with huge revenues. Thus, keeping in mind, both the scenarios, the GST has been made applicable to the education sector by maintaining a fine balance whereby the core educational services have been exempted but other services are sought to be taxed as per the rates prescribed. Education Services are classified in heading 9992 (as per the Notification No. 11/2017) and are further sub-divided into six groups comprising of pre-primary, primary, secondary, higher, specialized and other educational support services.

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