Is service tax applicable on the rent of hostel collected by non-educational private entity?
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Service tax applicablity.
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Dear Mr. Prashad,
Services of Hostels used for residential purposes will be exempt. Assumption there tariff rate is below Rs. 1000 per day.
Thanks for reply....but can u pls share the source like any notification/circular?
Dear Prasad,
Entry no 18 of mega exemption notification no. 25/2012-ST dated 20-6-2012.
but as per my interpretation Entry no 18 of mega exemption notification no. 25/2012-ST dated 20-6-2012 does not include Hostel.
The Word "other commercial places meant for residential or lodging purposes" covers Hostels, bed & breakfasts etc.
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