Is Gst Applicable For Homestay at Homestay

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Is Gst Applicable For Homestay. Declared room tariff upto rs. The hosptality body estimates that the recent move to bring fsas under gst will prevent tax loss of around ₹2000 cr caused due to underreporting by the aggregators.

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However, now it has been extended to all the homestays. The threshold limit of aggregate annual turnover of rs.20 lakhs for registration purpose is applicable for hospitality industry as well. Kishore (prof) (38 points) replied 08.

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Hotel restaurant’s gst tax rate also affects whether or not you can claim the input tax. Declared room tariff upto rs. Igst is applicable on following types of transaction: Earlier, the rule suggested that all the homestays that have a turnover of rs 20 lakh and above should register with gst council.