GST Council exempts Hostels and Accommodation Services: Benefit primarily given to Students; Says FM
24 June 2024Reetu
GST Council exempts Hostels and Accommodation Services: Benefit primarily given to Students; Says FM
The GST Council in its meeting has decided to exempt the accommodation services, which primarily done for the benefit students.
GST Council has recommended for the inclusion of a separate entry in the notification No. 12/2017- CTR dated 28.06.2017 under heading 9963 to exempt accommodation services with a value of up to Rs. 20,000 per month per person, subject to the condition that the accommodation service should be provided for a minimum continuous period of 90 days.
The Finance Minister has confirmed in one of her tweets that this change was primarily meant for students.