Gst on hostels
This query is : Resolved
05 March 2019
Dear Sir/Madam,
Facts of the Case: An individual is running hostels and showing the same as Profits & Gains from Business and Profession under Income Tax Act, by preparing Profit & Loss Account.
The total rooms are 125. In 70 rooms 3 persons stay and in remaining rooms 2 persons stay. The total collection is 2.40 Crores.
Question: Now will GST be applicable. What is the basis of deciding whether GST is to be charged or not. Further, the limit of 1,000/- per room is related to this in which sense.
Regards
Facts of the Case: An individual is running hostels and showing the same as Profits & Gains from Business and Profession under Income Tax Act, by preparing Profit & Loss Account.
The total rooms are 125. In 70 rooms 3 persons stay and in remaining rooms 2 persons stay. The total collection is 2.40 Crores.
Question: Now will GST be applicable. What is the basis of deciding whether GST is to be charged or not. Further, the limit of 1,000/- per room is related to this in which sense.
Regards
05 March 2019
It shall not attract GST. Hostel is residential property, and renting of residential property is exempted. Even in short term accommodation, exemption is available if the daily tariff is less than Rs. 1000/-. Thus there shall be no GST on hostel accommodation. Fooding services may attract GST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Last year TDS Claim
- What is provisional receipt number for generation of form 16A
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
