Exemption in relation to Renting of Immovable Property [ Entry No. 12 and 12A of CGST]

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.... (ii) such renting is on his own account and not that of the proprietorship concern. * Explanation 2 - Nothing contained in this entry shall apply to- * (a) accommodation services for students in student residences; * (b) accommodation services provided by Hostels, Camps, Paying Guest accommodations and the like. [ Notification No. 04/2024- CT (Rate) Dated 12th July 2024 (w.e.f. 15th July 2024).] Exemption Entry 12A inserted vide Notification No. 04/2024- CT (Rate) Dated 12th July 2024 (w.e.f. 15th July 2024). * Supply of accommodation services having * (a) value of supply less than or equal to Rs. 20,000/- per person per month, and * (b) the accommodation service is supplied for a minimum continuo....

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....emption under Serial Number 12 of Notification 12/2017-CT (Rate) dated 28th June 2017? Answer: - Affirmative. * Leasing out of residential premises to an entity which is using it as hostel for students and working professionals is covered under Entry 13 of Notification No.9/2017-IGST(Rate) dated 28.09.2017 namely 'Services by way of renting of residential dwelling for use as residence' issued under the Act. The petitioner is held entitled to benefit of exemption notification. * The State of Karnataka & Anr. Versus Taghar Vasudeva Ambrish & Anr. 2025 (12) TMI 505 - Supreme Court] * Taghar Vasudeva Ambrish Versus Appellate Authority For Advance Ruling, Karnataka, Commissioner of Central Tax Bangalore, Assistant C....