?? Desk of CA. Praveen Sharma Series-568 ?? GST on Hostel and PG Accommodation (Post 53rd GST Council Meeting)
CA. Praveen Sharma (Corporate Trainer)
Chartered Accountant II Taxation Expert II GST MITRA II Speaker II Trainer II Author II Content Creator II Virtual CFO II Research Analyst II Personal Branding Coach II Co-Founder Tax4Wealth ll 91-9871530610
GST on Hostel and PG Accommodation (Post 53rd GST Council Meeting)
?New Exemption: From July 15, 2024, accommodations under ?20,000/month per person with stays of 90+ days are GST-exempt (Entry 12AA).
?B2C Stays: Long-term B2C stays (90+ days) remained exempt post-July 2022, while short-term stays and those under ?1,000/day were taxed at 12%.
?Past Tax Regularization: For periods from July 1, 2017, to July 14, 2024, exemptions apply for stays under ?20,000/month if they exceed 90 days.
?Composite Supplies: The exemption doesn't apply if additional amenities (food, internet) push the total cost above ?20,000.
? No GST Registration: PGs and hostels providing only exempt supplies are not required to register under GST
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CA. Praveen Sharma