if educational inst. has rented its hostel to other insti. for rent on the basis of lump sum rent basis and rent agreement has been entered into between the educational inst and that other inst. so such transaction can be treated as renting of residential dwelling or renting of hostel!? and what are the gst implecations?
it is not a supply of renting of residential dwelling, it is a supply of renting of immovable property. Because supplier not provided accommodation service in hostel.
However accommodation service in hostel having value of supply equal to or more then 1000 rs. per day is taxable supply as per circular no. 32/06/2018.
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