Point no. 18 of notificaiton no. 25/2012
This query is : Resolved
06 October 2012
Dear Sirs,
Point No. 18 of Service Tax Notification No. 25/2012 (for exempt services) reads as follows:
"services by way or rent of hotel, inn, guest house, club...........................................below rupees on thousand per day or equivalent."
(1)If declared tariff value is Rs.999 it will be exempt.
(2)If the declared tariff value is Rs.1001 per day, it will be taxable.
(3) What if declared tariff value is Rs.1000 per day? Please read carefully before replying. Thanks in advance.
Point No. 18 of Service Tax Notification No. 25/2012 (for exempt services) reads as follows:
"services by way or rent of hotel, inn, guest house, club...........................................below rupees on thousand per day or equivalent."
(1)If declared tariff value is Rs.999 it will be exempt.
(2)If the declared tariff value is Rs.1001 per day, it will be taxable.
(3) What if declared tariff value is Rs.1000 per day? Please read carefully before replying. Thanks in advance.
06 October 2012
Below Rs. 1000 means it should be less than Rs. 1000 and if the declared tariff is Rs. 1000 then ST will be applicable
06 October 2012
Clause 18 of notification 25/2012 reads as follows:-
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 unit of accommodation below rupees one thousand per day or equivalent.
Here the last word 'equivalent' may be noted which means if rent is Rs. 1,000/-, exemption can be availed.
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 unit of accommodation below rupees one thousand per day or equivalent.
Here the last word 'equivalent' may be noted which means if rent is Rs. 1,000/-, exemption can be availed.
06 October 2012
Dear Warrierji,
If Rs. 1000 was exempted then why do they use the word "below Rs. 1000"????
If Rs. 1000 was exempted then why do they use the word "below Rs. 1000"????
06 October 2012
The intention of the legislature, on a reading of the referred clause, is "an amount less than or equal to Rs. 1000/- is exempt".
11 October 2012
Thank you so much!
Message likes :
1 times
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
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- LTCG for Assmt year 26-27
- E way bill for tractors
- Suggestions required for income tax filing-software (FY 2025-26)
- Loan by Partnership Firm
- Plot of land. Cost of Acquisition
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- 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
