Dominoz pizza charging - "vat" why?
This query is : Resolved
20 January 2014
domino's pizzas charging service tax ...that's legally because of ac hotels/restaurants... but why they also charging "VAT" also??? ON what basis they charge???
20 January 2014
Hi
There are two aspects to the business of a restaurant. VAT is a state subject
and the rates vary from state to state in India. Service Tax is a Central Subject
and is levied by the Union Government and is applicable at the same rate all over
India.
The restaurant sells the food items served and this is a sale of goods or
commodities. On the value of such sale of goods or commodities state VAT is
applicable - in your problem @4%.
With effect from 01.04.2012, any air conditioned restaurant is rendering taxable
service and is liable to service tax under the head 'Restaurant Services." Service
tax is however leviable @ 12.36% on 40% of the bill since there is an abatement
of 60% for "Restaurant Service
Thx
There are two aspects to the business of a restaurant. VAT is a state subject
and the rates vary from state to state in India. Service Tax is a Central Subject
and is levied by the Union Government and is applicable at the same rate all over
India.
The restaurant sells the food items served and this is a sale of goods or
commodities. On the value of such sale of goods or commodities state VAT is
applicable - in your problem @4%.
With effect from 01.04.2012, any air conditioned restaurant is rendering taxable
service and is liable to service tax under the head 'Restaurant Services." Service
tax is however leviable @ 12.36% on 40% of the bill since there is an abatement
of 60% for "Restaurant Service
Thx
20 January 2014
thanks...sir... but im from gujarat & they will charge..vat @ 15% in bill...
& if we consider it as good as per your answer... thenwhy neo pizzas is not charging "vat" also??
& if we consider it as good as per your answer... thenwhy neo pizzas is not charging "vat" also??
20 January 2014
neo pizza is a business like dominoz pizza that gives franchisee on this name...they make pizzas...even pizza base also...& sale it... neo pizza business is same as dominoz pizzas... but dominoz pizza doing business on international stage... while the small business like neo is indian franchisee business...... both one make the pizza by self... so why dominoz only charging vat @ 15%? please answer this...
20 January 2014
Hi Ankit,
Need to check on arrangement of franchisee!
Possibility is that they may be paying from own pocket!
Thx
Need to check on arrangement of franchisee!
Possibility is that they may be paying from own pocket!
Thx
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Plot of land. Cost of Acquisition
- Taxation on LTCG for property sold after 24JUL2024
- REGARDING GST LIABILITY/....
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
