Is Gst Applicable For Homestay at Homestay

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Is Gst Applicable For Homestay. However, now it has been extended to all the homestays. 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.

Luxury Homestay in Turangi Rooms and Rates Tui Lodge
Luxury Homestay in Turangi Rooms and Rates Tui Lodge from tui-lodge.co.nz

Igst is applicable on following types of transaction: However, now it has been extended to all the homestays. But the stipulation that hotel rooms with rents upwards of ₹1,000 should be charged the tax has put the homestay owners in a spot.

Luxury Homestay in Turangi Rooms and Rates Tui Lodge

It means that if a homestay charges rs 4,000 inclusive of all services, 18% gst is charged on rs. 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. Declared room tariff upto rs. Kishore (prof) (38 points) replied 08.