CA Sakchi Jain Instagram – Don’t Book a PG or Hostel Without Watching This!
[ The notification hasn’t come yet, but it has been decided by the government, in the 53rd GST council meeting ]
Do you know about the recent GST update? Here’s what’s new for PG accommodations:
1. ZERO GST: Hostels, Paying Guests, and Co-Living spaces are exempt from GST for rent up to Rs. 20,000 per month.
2. 90-Day Minimum Stay: This exemption applies when the stay is for a continuous period of at least 90 days.
3. Applicable to Students and Professionals: Both students and professionals can benefit from this exemption.
This update comes from the 53rd GST Council Meeting under the chairpersonship of Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman.
Stay informed and take advantage of these changes!
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#GSTUpdate #Hostels #PayingGuests #CoLiving #Students #Professionals #casakchijain | Posted on 24/Jun/2024 20:43:22
