New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    As per the information provided by the Authority of Advance Ruling,students will have to shell out more for hostel accommodation as a ______ GST would be applicable on the rent paid.

    A 10 percent Correct Answer Incorrect Answer
    B 12 percent Correct Answer Incorrect Answer
    C 15 percent Correct Answer Incorrect Answer
    D 18 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      Students will have to shell out more for hostel accommodation as a 12 percent GST would be applicable on the rent paid, the Authority of Advance Ruling.    The AAR notified that the GST exemption was applicable on the accommodation services, of charges up to Rs 1,000 per day, provided by hotels, clubs, campsites etc. till July 17, 2022.

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