27 July 2018
One of my client is carrying on Hostel business, Rent per room per day is less than Rs.1000/-.So AS per the Exemption list of GST, this particular business is exempted. But the turnover is Rs. 60,00,000/- PEr Annum. Whether the client has to register for GST or not? But while filing Income tax return, it is asking if turnover is above 20 lakhs then GST is necessary otherwise you may get notification.
Provision from GST Act "Exemptions from GST relating to Renting of Immovable Property Services by way of renting of residential dwelling for use as residence. Services by way of a Hotel, inn, guest house, club or campsite by whatever name called for residential or loding purposes, having declared tariff of a unit of accommodation below Rs 1000/- per day or equivalent."
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