Fortune Ltd. (a registered taxable person) provides the following information relating to their services for the month of November 2024 : S.No. Gross receipt from Amount in (₹) 1. Running a Boarding School (including rec

Answer 3(b) Computation of Value of Taxable Supply and GST liability S. No. Particular Amount in ₹ 1 Running a Boarding School (including residential dwelling services ₹12,00,000) Services provided by an educational institution to its students, faculty and staff are exempt from GST in terms of Entry 66 of Notification No. 12/2017-CT (Rate). Services sought to be exempted under the said entry inter alia includes the lodging services provided by the educational institution to its students as clarified by C.B.E. & C. Press Release No. 77/2017, dated 13-7-2017 Nil 2 Conducting private tuition's The exemption provided to an educational institution vide Entry 66 of Notification No. 12/2017-CT (Rate) should be in relation to: i. pre-school education and education up to higher secondary school or equivalent; ii. education as a part of a curriculum for obtaining a qualification recognised by any law for the time being in force; iii. education as a part of an approved vocational education course. Thus, the Private tuition is not exempt as they do not fall within the purview of any of the above listed component. 18,00,000 3 Education services for obtaining a qualification recognised by law of a foreign country Education as a part of a curriculum for obtaining a qualification recognized by only an Indian law and not a foreign law is exempt 9,00,000 4 Conducting modular employable training skill course, approved by National Council of vocational training Since, Modular Employable Skill Course is an approved vocational education course and is exempt vide Entry 66 of Notification No. 12/2017-CT (Rate) Nil 5 By taking an assumption that renting of furnished flats is not made by the educational institution to its students, faculty and staff, the service will not be exempt under Entry 66 of Notification No. 12/2017-CT (Rate). Even, the exemption under Entry 12 [applicable to residential dwelling rented to unregistered person] shall not be applicable as Short stay by different persons in furnished flats is not renting of residential dwelling 6,50,000 Value of taxable supply 33,50,000 GST payable @ 18% 6,03,000