इंडियन आवाज़     17 Dec 2018 02:00:53      انڈین آواز

Services provided by educational institution fully exempt from GST


Job And Education Computer Keys Showing Choice Of Working Or Stu

Government Thursday said that services provided by an educational institution to students, faculty and staff are fully exempt from GST. Finance Ministry said, there are some reports that 18 per cent GST will be levied on annual subscription and fees charged for lodging in hostels, which is not true.

The Ministry said, there is no change in tax liability relating to education and related services in the GST, except reduction in tax rate on certain items of education. It clarified that no GST will be on the annual subscription or fees charged as lodging and boarding charges by educational institutions from its students for hostel accommodation.

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