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GST Council Meeting Outcome: No GST On Hostels, Railway Tickets Announces Nirmala Sitharaman
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GST Meeting Outcome Update: Union Finance Nirmala Sitharaman chaired pre-Budget consultations with finance ministers of states and Union Territories to take their views. It was followed by the 53rd meeting of the GST (Goods and Services Tax) Council today.
GST Council exempts services by way of hostel accommodation outside educational institutions up to ₹ 20,000 per person per month. However, the condition will be the student must have stayed in the hostel for a continuous period of 90 days. The condition has been introduced to prevent hotels from taking advantage of the exemption.
#gst #nirmalasitharaman #finance
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GST Council exempts services by way of hostel accommodation outside educational institutions up to ₹ 20,000 per person per month. However, the condition will be the student must have stayed in the hostel for a continuous period of 90 days. The condition has been introduced to prevent hotels from taking advantage of the exemption.
#gst #nirmalasitharaman #finance
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Follow NDTV Profit here
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