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Students will have to shell out more for hostel accommodation as a 12 per cent GST would be applicable on the rent paid, the Authority of Advance Ruling said in two separate cases.
The Authority of Advance Ruling (AAR) has ruled that students will face increased expenses for hostel accommodation due to the application of a 12 per cent Goods and Services Tax (GST) on the rent paid. This ruling was delivered in two distinct cases.
In an advance Ruling sought by Srisai Luxurious Stay LLP, the AAR said GST exemption was applicable on the accommodation services, of charges up to Rs 1,000/- per day, provided by hotels, clubs, campsites etc. till July 17, 2022."PG/Hostel Rent paid by inhabitants do not qualify for GST exemption... as the services provided by applicant are not akin to renting of residential dwelling for use as residence," the Bengaluru bench said.
MDI Gurgaon has closed its 1 year PGDM (BM) admission 2023 while the application process is open for non residential 2 years PGDM (BA) programme
The Optometry students Association initiated a relay hunger strike on August 13 after a student Abhishek Malviya passed away due to COVID and Swine flu.