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The Madras High Court, Goods and Services Tax will not be charged on hostels as it comes under the purview of ‘Residential Dwelling For Use as Residence’ under Entry Nos.12 and 14 of the GST notification No. 12/2017-Central Tax (Rate) on June 28, 2017. The bench of Justice Krishnan Ramasamy said that renting out the […]
The GST-Authority for Advance Ruling (GST-AAR), Karnataka bench, assessed the GST implications linked to renting residential spaces to students and working women, including the provision of various amenities. Following a precedent set by GST-AAR in prior cases involving Srisai Luxurious Stay in Bengaluru and VS Institute and Hostel in Noida, the AAR determined that providing […]
The authority for advance rulings (AAR) in Karnataka held that a 12% GST is to be levied on the rent paid towards the paying guest (PG) and the hostel accommodations that do not similar to the residential dwellings. AAR at the time of hearing the case of Srisai Luxurious Stay LLP stated that merely the […]
There will be no GST levied on the leasing of the residential premises as a hostel, students, and working professionals said Karnataka High Court has ruled. The applicant Taghar Vasudeva Ambrish and the co-owners lead a property with 42 rooms to the company said as 12 spaces Pvt ltd. the property was leased as a […]
The Maharashtra Authority of Advance Ruling (AAR) ruled that Goods and Service Tax (GST) is privileged on Hostel Rent of less than Rs. 1000 per day for one Student. The applicant is the owner of M/s. Ghodawat Eduserve LLP used to furnish commercial training and coaching services to his students who appear for the 11th […]
The Goods and Services Tax rulings in 2023 were among the important legal decisions that shaped India’s taxation environment. Presenting Five Significant GST Rulings Below are the details of five significant cases related to input tax credit matching, hostel GST rate, registration cancellation, etc. Resolution of Hindustan Unilever’s Input Tax Credit Issues by Rajasthan High […]
A salary structure encompasses various components such as basic pay, various allowances, annual bonus and reimbursements, etc. Various components such as House Rent Allowance, EPF etc curtail the tax liability of an employee and hence elevate his savings. Some of the components are fully taxable, some are fully tax-exempt and some are partially taxable. Fully […]
The new law of AAAR has extended our attention to a different aspect of the business which involves the employer and employee relationship and the facilities provided by the former to its employees.
Goods and Services Tax (GST), biggest tax reform since Independence has been finally implemented across the country from 1st July. On one hand, Government has exempted education sector till higher secondary in the new regime while on another hand coaching classes, certification courses, training programs have been placed in the slab rate of 18 percent.
