Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Eligibility criteria for GST exemption on hostel accommodation services, the requirement for GST registration based on turnover, the applicable GST rate for hostel accommodation services, and the tax treatment of in-house food supply as part of hostel services. The key points are: hostel accommodation services do not qualify as a 'residential dwelling for use as residence' and are ineligible for GST exemption under the relevant notification. The applicant is required to obtain GST registration if their aggregate annual turnover exceeds the prescribed threshold. The supply of hostel accommodation services is taxable at 9% CGST + 9% SGST under the relevant tariff heading. When accommodation and food services are provided as a composite supply, the tax rate applicable to the principal supply (accommodation) will apply to the composite supply, which is 18% GST.
Eligibility criteria for GST exemption on hostel accommodation services, the requirement for GST registration based on turnover, the applicable GST rate for hostel accommodation services, and the tax treatment of in-house food supply as part of hostel services. The key points are: hostel accommodation services do not qualify as a 'residential dwelling for use as residence' and are ineligible for GST exemption under the relevant notification. The applicant is required to obtain GST registration if their aggregate annual turnover exceeds the prescribed threshold. The supply of hostel accommodation services is taxable at 9% CGST + 9% SGST under the relevant tariff heading. When accommodation and food services are provided as a composite supply, the tax rate applicable to the principal supply (accommodation) will apply to the composite supply, which is 18% GST.
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