GST impact: XIM-B may hike fees for next academic session

The premier B-school is expected to make the budget estimates soon

Xavier Institute of Management - Bhubaneswar (XIM-B), a premier B-school, may go for hike in fees from the 2018-19 session as a possible impact of the newly introduced indirect tax regime - Goods and Services Tax(GST).

"The impact of GST may be on the fees of students, not this year, from next year (2018-19) depending on how much contract renewals will cost. There are multiple service providers and the cost of their charges is most likely to go up after GST", said father Paul Fernandes, director, XIM-B.

"Certainly from 2018-19 academic year, it will have an impact. Contract renewals are