In the 53rd GST Council meeting held recently, significant decisions were made to provide relief in taxation for student hostels and railway services. These exemptions aim to alleviate financial burdens and support essential services amid ongoing economic challenges.
Source:- news 18
Student hostels, a critical component of educational infrastructure, have been exempted from GST. This decision is expected to reduce operational costs for educational institutions and ease the financial strain on students. By exempting student hostels, the government aims to promote access to affordable education.
Source:- India today
Additionally, railway services have been granted an exemption from GST, which will benefit millions of passengers who rely on railways for transportation across the country. This move is likely to make train travel more affordable and accessible to the general public.
The decisions taken during the GST Council meeting reflect efforts to stimulate economic recovery and support sectors adversely affected by the COVID-19 pandemic. By providing these exemptions, the government seeks to boost essential services and ensure that educational institutions and public transportation remain accessible and affordable for all citizens.
Overall, the outcomes of the 53rd GST Council meeting underscore a commitment to address immediate challenges and facilitate sustainable growth in key sectors of the economy.
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