TaxTMI 
TaxTMI 
Paying Guest Accomodation
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....aying Guest Accomodation<br> Query (Issue) Started By: - Mohit Gupta Dated:- 6-4-2017 Last Reply Date:- 6-4-2017 Service Tax<br>Got 2 Replies<br>Service Tax<br>Two Buildings are taken on rent by Mr. A at say INR 60,000 per month, per building on a 11 month residential accommodation lease. The same building is then furnished and converted to a fully furnished accommodation with about 20 beds per bu....
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....ilding and given on rent to individual students and working women at a monthly rent averaging to about 8000pm. Their are individual meters installed for charging individuals residents for Ac and geyser electricity consumption. As part of bundled services - meals are provided to all residents. Please suggest if the service tax is applicable as the accommodation has been given to individuals for a....
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.... long term stay averaging more than an year per individual. As per the clauses read by me on Google: even though the total receipts are more than 11 lac per annum, service tax should not be applicable as 1. The sub tenancy of individuals should fall under residential dwelling - not meant for temporary stay but as home to individuals. 2. the rent collected by us per bed is far less than ₹ ....
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....1000 per day. 3. The period of stay of individuals is more than 3 months. Please suggest if service tax is applicable. Also please suggest on the impact of GST that becomes applicable effective July 2017. Reply By KASTURI SETHI: The Reply: Dear Querist, When you talk of bundled services, you avail abatement of 30 %. You cannot avail benefits of both worlds. I mean to say abatement and exempti....
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....on on account of rent per person being less than ₹ 1000/- per day. Take one stand. Regarding GST,. nothing is confirmed till enactment. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Yes, what Shri Kasthuri says is correct.<br> Discussion Forum - Knowledge Sharing ....