Hostel accommodation exempt for 10 months (Serial No. 12). Short stay (1-2 months) for new students taxable (Serial No. 3).

Hostel accommodation exempt for 10 months (Serial No. 12). Short stay (1-2 months) for new students taxable (Serial No. 3). https://www.taxtmi.com/highlights?id=80161 Hostel accommodation services provided for 10 months' duration are exempt under Serial Number 12 of Notification 12/2017-Central Tax (Rate), as per the Madras High Court ruling in Thai Mookambikaa Ladies Hostel case. However, such services for 1-2 months to new students during vacation are not exempt under Serial Number 3. For old students extending stay by 1-2 months after 10 months' residence, the extension is considered long-term tenure, eligible for exemption under Serial Number 3. en-us Tue, 06 Aug 2024 07:51:04 +0530 Tue, 06 Aug 2024 07:51:04 +0530 TaxTMI RSS Generator Hostel accommodation exempt for 10 months (Serial No. 12). Short stay (1-2 months) for new students taxable (Serial No. 3). https://www.taxtmi.com/highlights?id=80161 Hostel accommodation services provided for 10 months' duration are exempt under Serial Number 12 of Notification 12/2017-Central Tax (Rate), as per the Madras High Court ruling in Thai Mookambikaa Ladies Hostel case. However, such services for 1-2 months to new students during vacation are not exempt under Serial Number 3. For old students extending stay by 1-2 months after 10 months' residence, the extension is considered long-term tenure, eligible for exemption under Serial Number 3. Highlights GST Tue, 06 Aug 2024 07:51:04 +0530 https://www.taxtmi.com/highlights?id=80161