Hi,
I just needs to know whether the GST is applicable for hostel rents.
For example, If am paying 5500 as a monthly Rent including food and accommodation.. Do I need to pay GST for this amount.If so how much I need to pay extra as a part of GST.
Kindly assist
GST Applicable on Hostel Rents Over 5500 If Annual Turnover Exceeds 20 Lakh Threshold A user inquired about the applicability of Goods and Services Tax (GST) on hostel rents, specifically for a monthly payment of 5500 that includes food and accommodation. The response indicated that GST is applicable if the recipient's annual turnover exceeds the threshold limit of 20 lakh. (AI Summary)