Education
Education is treated differently depending on who provides it. Services by recognised schools to students are largely exempt from GST, while commercial coaching is generally taxable. Schools run by trusts or societies also have their own registration and audit requirements.
What we help with
- Advice on GST exemption for schools and GST compliance for coaching centres
- Audit of trust and society accounts and related income tax filings
- Fee receipts, scholarship and grant accounting
- Payroll and TDS on salaries for teaching staff
Points to watch
- 1Coaching and tuition outside recognised education is generally taxable under GST once registration is required.
- 2Trusts and societies running schools need valid income tax registration to claim exemption, and it must be renewed.
- 3Grants and donations must be used for the stated purposes and accounted for separately.
- 4Audit reports must be filed before the return for exempt institutions.
General points, not advice for your case. Limits and dates change; we confirm what applies to you.
GST for schools and coaching
Services by recognised educational institutions to their students are largely exempt from GST, as are certain services received by them. Commercial coaching, tuition outside recognised education and many training programmes are generally taxable once GST registration is required. Schools that also sell uniforms, books or transport may have taxable supplies alongside exempt ones.
Schools run by trusts and societies
Most private schools are run by a trust or society. Their income tax exemption depends on valid registration, which is time-bound and has to be renewed, on applying income to the objects of the trust, and on filing the audit report and return on time.
Fees, grants and scholarships
- Issue receipts for every fee collected and reconcile them with bank deposits.
- Account for government grants and scholarships separately and keep utilisation records.
- Keep donation receipts and donor records if the institution accepts donations.
Payroll for staff
Teaching and non-teaching staff salaries, TDS on salaries and, where applicable, provident fund need regular monthly processing. Clear salary records also help when the institution applies for affiliation or recognition.
Running a business in education?
Call during office hours, or send a WhatsApp message describing what you need.
- No documents needed for the first call
- Hindi or English