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NEW DELHI: GST Council on Saturday decided to. all hostel fees, platform ticket,. waiting room and golf cart charges as well as employee stock options from payment of tax, while reworking the system to register for the tax regime to check frauds by bogus entities...
run by education institutions were already exempt from GST, finance minister Nirmala Sitharaman said now all hostels will be exempted from the levy provided the monthly charges are under Rs 20,000 per person and the occupant stays at the facility for at least 90 days...
The all-powerful body comprising the Union and state FMs also recommended amendments to the CGST Act for not levying tax on extra neutral alcohol used for manufacture of alcoholic liquor for human consumption..
