28 December 2012
In hotels for Banquets, in most of the cases the charges are per head which include food and mandap service For service tax as the charges are inclusive of Food 30% abatement is taken and service tax is charged at 8.65% My doubt is regarding VAT ,Is vat applicable if Applicable on what portion The restaurent comes under 5% rate of Vat as it is not 3 star and turnover does not exceed 1.5 crores Whether the same 5% is applicble??
CAclubindia
