The Finance Minister has introduced the Finance Bill in Lok Sabha on 01.02.2017, which has proposed a change in Post Graduate Diploma in Management conducted by Indian Institute of Management (IIM). It exempted. The IIM with certain provisions. Under the Finance Bill, 2017, the term "residential" has been omitted. This Exemption to IIM details have been explained in a video by CA Ashok Batra, expert of Indirect Tax.