Hostel rent taxable or exempt
Yogesh Gupta (143 Points)
13 September 2022Yogesh Gupta (143 Points)
13 September 2022
Deepa B
(Practicing Chartered Accountant )
(573 Points)
Replied 13 September 2022
Yes. Hostel rent is liable to GST. Because the exemption granted to Charitable institutions registered under section 12AA of Income tax act are for the limited purposes of services by way of charitable activities and it doesn't cover renting of premises except for limited exemption provided for religious precincts.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 14 September 2022
johan marked
(2 Points)
Replied 13 November 2022
its mean we have to keep record of hostel rent Right?
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961