Service tax calculation in hotel bill
This query is : Resolved
24 October 2014
Hi i m kamal I have some confusion in service tax calculation in hotel billing.the question part is"after 40% abatement remaining 60% total sales become a taxable.so can we calculate by 12.36% service tax on taxable amt after abatement..???
27 October 2014
The same can be explained with an example.
Suppose total of restaurant bill for food item =1000
+Service tax (1000*60%*12.36%)=74.16(Here taxable amount is 600,service tax rate applied 12.36%)
or
Service tax (1000*7.416%)=74.16(Here abated rate aplied to whole value)
Its one and the same thing.
Suppose total of restaurant bill for food item =1000
+Service tax (1000*60%*12.36%)=74.16(Here taxable amount is 600,service tax rate applied 12.36%)
or
Service tax (1000*7.416%)=74.16(Here abated rate aplied to whole value)
Its one and the same thing.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- 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
