Hello All,
Do service tax is applicable for running hostel. Its an independent hostel not connected to any educational institution.
Apart from service tax do they have to pay any form of tax. If Service tax is not applicable what taxes are applicable for them?
Kindly advise experts
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 03 February 2014
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As per the mega exemption Notification No 25/2012, Service Tax will be applicable for lodging and accommodation services, wherein room rent is above Rs. 1000 per day. So long as you are collecting rent below this limit, ST will not be applicable |
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