03 January 2014
Dear Sir, I have the following query:
1. What is the turnover limit in Karnataka for hoteliers under composition & Rate of Tax in Composition?
2. If Turnover is crossing limit and what is Rate of Tax, Wheather it come under CAT or Cot
3.The tax is calculated on the total turnover, do we need to add purchases from URD which includes vegetable, meat, poultry, dairy products and other food products used in a restaurant.
4. In case there is calculation worksheet with delayed interest and penalty, I would be thankful if mailed.