Educational Institution given space to bank for operating
This query is : Resolved
24 October 2019
Sir/ madam
I need a clarification regarding the GST applicability of rent received from the building leased out by an educational institution in the same campus. the point to be noted is that the bank is mainly used by the students in the institution and also by some outsiders having account there. the institute is collecting GST. whether it is correct to collect GST. If collected it should be remitted. whether GST is applicable in this case.
Regards
Renuka CA
I need a clarification regarding the GST applicability of rent received from the building leased out by an educational institution in the same campus. the point to be noted is that the bank is mainly used by the students in the institution and also by some outsiders having account there. the institute is collecting GST. whether it is correct to collect GST. If collected it should be remitted. whether GST is applicable in this case.
Regards
Renuka CA
24 October 2019
Yes GST applicable, only educational services exempted .
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