GST UPDATE

???? Desk of CA. Praveen Sharma Series-568 ????

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.

Read more: https://www.edatabook.com/c-detail/3888

Check Draft reply of GST Notice and Appeal format in our EdataBook

Stay tuned and Save my number for any query +91-9871530610.

CA. Praveen Sharma 

https://www.linkedin.com/in/capraveensh