The recent GST 2.0 has a change in 9963 where its mentioned for Hotel Accommodation. "reduced the GST rate for rooms priced at ₹7,500 or less per night from 12% to 5%, but without the benefit of Input Tax Credit (ITC)".
We are in Hostel and run student hostels. It also comes under the umbrella of 9963 where long stays less than 3 months of stay or monthly rent greater than INR 20000 is GST taxable at 12%.
Is this GST 2.0 this change, how does it impact long term hostel stay.
Looking for your expert suggestions
CAclubindia
