Is Gst Applicable For Homestay at Homestay

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Is Gst Applicable For Homestay. Declared room tariff upto rs. If the declared room tariff is:

Homestays in Kochi to come under GST, service providers
Homestays in Kochi to come under GST, service providers from timesofindia.indiatimes.com

You're not liable for gst on the rent you charge, and you can't claim any gst credits for associated expenses. However, now it has been extended to all the homestays. Igst is applicable on following types of transaction:

Homestays in Kochi to come under GST, service providers

Remember if you convert the property as commercial then minimum of 20lac commercial property rental income doesn't come under gst and residential property rental income doesn't come under gst. Remember if you convert the property as commercial then minimum of 20lac commercial property rental income doesn't come under gst and residential property rental income doesn't come under gst. Since july, a tax rate of 18% has been applicable on bookings, placing the small homestays — homes where a maximum of five rooms can be let out to guests — on the same. Gst on rent is applicable to properties rented for commercial purposes.