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The Bengaluru bench of Authority of Advance Ruling has stated that hostels are not considered the same as regular houses, so they will not be exempted from GST.
It is for the fourth time in 2022-23 that the gross GST collection crossed Rs 1.5 lakh crore mark. With this latest print, the monthly GST revenues averaged at Rs 1.51 lakh crore mark in the financial year 2022-23.
Lowest GST slab may be raised by 3 percent, says report - Apart from raising the lowest slab, the list of goods and services exempted from the GST regime might also be reduced.