It
clarified that services provided by an educational institute to students,
faculty and staff are exempt from GST
Mumbai: Remaining true to its claim
of keeping education free from GST, the Finance Ministry on Thursday clarified
that there will be no GST levied on annual subscription/fees charges for
lodging in hostels under educational institutions.
Addressing
fake reports that claim 18 per cent GST will be levied on annual fee charged by
hostels, the ministry said, “There is no change in tax liability relating to
education and related...