The GST Council led by Union Finance Minister Arun Jaitley in its 17th meeting, released the updated rates for GST, as would be applicable for: Accommodation in hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes having room tariff.
The rates are as follows:
- Below Rs.1000 – no GST
- Rs.1000-2500 – 12%
- Rs. 2500-Rs.7500 – 18%
- Above 7500 – 28%
Here are a few relevant links:
In ADDA we have now included the provision to add these GST slabs for facilities which are commercially provided for residential purposes.
While setting up a facility, in case you want to activate this option then check the box beside – “Is this for Residential/Lodging purpose”
In case of any confusion, please check with your auditor for correct applicability of GST for various facilities in your apartment complex.