our institute is an residential educational institute awarding aicte recognised MBA degree. The mess for the students is run by themselves on sharing basis. The income or expenses is not included in our institute accounts. the turnover in the previous year is more than Rs 1 crore.
My doubt is whether, it is to be registered with GST and if yes what is the rate of GST to be collected from the students.
GST will be chargeable, if college collects the amount.
No GST chargeable, if student's association collects the charges. (mutuality concept)
N N V Satish & Co.,
Hyderabad
CA Inter
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Krea University
Chennai
CA
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M N Rao & Associates LLP
Vijayawada
CA Inter
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CCI
Pro
CAclubindia
