As per GST Laws, hostel accommodation provided by Charitable Trust where per day rent of a room is upto 1000 is exempt.
So based on this notification ,let's say, if Mr X has given his residential property to ABC Trust on lease/rent so that such trust can give such property to students on rent as hostel, whether GST will be applicable on this transaction.??
Hostel accomodation by Charitable Trust
CA Anand (Business) (6 Points)
29 June 2023