GST Lifted From Student PG Housing In India 2024| BCM
2024 News: GST Exempted for Student PG Housing in India
GST for PG
The 53rd GST counselling meeting chaired by Finance Minister Nirmala sitharaman on Saturday decided to exempted the GST on charges for student hotels located outside the educational institutions as well as the hostels inside the institutional premises.
This policy has progressively changed the higher education and will make it more affordable and accessible for the students across the country by eliminating the GST burden on PG housing.
The students are showing their heart filled gratitude to prime minister Narendra Modi and Indian government for this landmark decision of removal of GST for students paying guest accommodations. Chitra, a msc horticulture student from Haryana at LPU said that “this is such a relief for students like me the GST on PG rentals added significant expense and now we can redirect those forms towards or education and living costs I am grateful to PM Modi for privatizing the needs of the students”.
Anshul Rana, the student of engineering College at LPU from Himachal Pradesh added,” it will make higher education more accessible especially for students from middle class and under privilege backgrounds.”
Prior to this change PG honours had to navigate complex legal requirements and engage financial advisors for properly file GST returns with the associated costs being passed on to the students the GST on PG rentals was a significant added expense for us both in terms of tax and the administrative words please saying a PG owner in Phagwara.”
with the elimination of GST burden on PG housing the government has demonstrated a strong commitment to empowering the youth and investing in the future of India.
The benefits of this policy change will be for reaching as it is unabling more students to purse you higher education without the added financial board in of GST on their living expenses . This great decision making by the prime minister is a significant step towards making India a global leader in affordable and accessible education.
