Is Gst Applicable For Homestay at Homestay

Best Homestay Tips and References website . Search anything about Homestay Ideas in this website.

Is Gst Applicable For Homestay. 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.

Homestays in Madikeri, Get Upto 70 OFF on Price
Homestays in Madikeri, Get Upto 70 OFF on Price from www.makemytrip.com

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. 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. 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.

Homestays in Madikeri, Get Upto 70 OFF on Price

It means that if a homestay charges rs 4,000 inclusive of all services, 18% gst is charged on rs. The gst rates applicable for accommodation in hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes will depend. It means that if a homestay charges rs 4,000 inclusive of all services, 18% gst is charged on rs. The gst rules are silent on homestays.