Hostel taxability

I want to know to taxability in GST

The tax implications of an individual giving his premises to a college for the purpose of a hostel can vary depending on the tax laws and regulations in the specific country or jurisdiction where this transaction takes place. Since tax laws differ from country to country and can be subject to change over time, it is essential to consult with a qualified tax professional or accountant who is familiar with the relevant local tax laws to get accurate and up-to-date information. However, I can provide some general points to consider:

1. Rental Income: If the individual is receiving any form of payment (rental income) from the college for using his premises as a hostel, this income will likely be subject to taxation. The individual may need to report this rental income on their tax return and pay taxes on it based on the applicable tax rates for rental income.

2. Deductions and Allowances: Depending on the local tax laws, there may be deductions or allowances that the individual can claim to offset the taxable rental income. These could include expenses related to the maintenance and upkeep of the premises

   For further more detailed information on this topic visit: Taxability of Sale of Developed Plot under GST

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Premises given to a college for a hostel:
• Rent received from a college for the premises (used as a hostel) is taxed under house property (with 30% deduction).
• GST: renting of residential dwelling for use as residence is exempt (Sl. 12). A hostel run by an educational institution for students: CBIC has clarified hostels aren't "residential dwellings" in some AAR rulings, so commercial renting to a college may be taxable at 18% if the landlord's turnover exceeds Rs 20 lakh. If the college is registered and the landlord unregistered, RCM under Entry 5AB may apply.
• Some rulings treat long-term hostel accommodation for students as residential use (exempt). Positions vary.