No GST on lodging / boarding by educational institutions; RWA liable when turnover > Rs. 20 lakhs

Ministry of Finance clarifies that services of lodging / boarding in hostels by educational institutions which are providing pre-school education and education up to higher secondary school or equivalent  or education leading to a qualification recognised by law, are fully exempt from GST; Annual subscription / fees charged as lodging / boarding charges by such educational institutions from its students for hostel accommodation shall not attract GST; As regards impact of...