Accommodation Services Up to Rs. 20,000/Month for Continuous Periods of 90 Days is exempt

NN.04/2024 – Central Tax (Rate) dated July 12, 2024 exempt accommodation services having value of supply of accommodation up to Rs. 20,000/- per month per person subject to the condition that the accommodation service is supplied for a minimum continuous period of 90 days w.e.f. July 15, 2024.

This exemption applies to accommodation services rendered by hostels, camps, paying guest facilities, and similar establishments, specifically for students residing in student residences.

Source : https://www.cbic.gov.in/