On hotel and lodging business
This query is : Resolved
nusrat khan
(Querist)
20 March 2013
1) MY CLIENT HAS HOTEL BUSINESS WHICH IS ON RENT ( I.E HE HAS TAKEN THE HOTEL ON RENT)
IS RS 1000/- EXEMPTION LIMIT IS APPLICABLE TO HIM OR NOT?
2)IS 60%-40% RULE APPLICABLE TO HIM?
3)CAN HE TAKE CENVAT CREDIT ON PROFESSIONAL FEES AND RENT PAID BY HIM????
IS RS 1000/- EXEMPTION LIMIT IS APPLICABLE TO HIM OR NOT?
2)IS 60%-40% RULE APPLICABLE TO HIM?
3)CAN HE TAKE CENVAT CREDIT ON PROFESSIONAL FEES AND RENT PAID BY HIM????
CA Ayush Agarwal
(Expert)
21 March 2013
1.
Which 1000 Exemption Limit You are talking for ?
Services by way of renting of a hotel, inn, guest house, club, campsite or other commercial places meant for residential or lodging purposes, having declared tariff of a room below rupees one thousand per day or equivalent.
This is Applicabel to Service provider, But in This Case You are Service receiver.
No Exemption is applicable.
Which 1000 Exemption Limit You are talking for ?
Services by way of renting of a hotel, inn, guest house, club, campsite or other commercial places meant for residential or lodging purposes, having declared tariff of a room below rupees one thousand per day or equivalent.
This is Applicabel to Service provider, But in This Case You are Service receiver.
No Exemption is applicable.
CA Ayush Agarwal
(Expert)
21 March 2013
2. 40% Value is to be Taken for Restaurent Service Food Served.
3. Yes, he Can take Provided Registered under service tax, and output service tax libality is there.
3. Yes, he Can take Provided Registered under service tax, and output service tax libality is there.
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
- EPF ECR NEW FILE SEP 17TH 2026
- TDS on Fixed Assets purchased
- Under marginal scheme
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Import of Software Service.
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
