Service tax on hotel accomodation
This query is : Resolved
sohail shahzad
(Querist)
11 January 2013
Sir,
I would like to know what percent of service tax will be charged on hotel accomodation. Suppose hotel bill is Rs.5000 then 6.18% service tax chargeable or any other rate of service tax. If any abatement is there please let me know in details.
Sohail
sohailshahzad100@yahoo.co.in
I would like to know what percent of service tax will be charged on hotel accomodation. Suppose hotel bill is Rs.5000 then 6.18% service tax chargeable or any other rate of service tax. If any abatement is there please let me know in details.
Sohail
sohailshahzad100@yahoo.co.in
Kaushik Vinod
(Expert)
12 January 2013
Dear Sohail,
As per Notification No.26/2012-ST dated 20-06-2012 the rate of abatement is 40% and tax is payable on 60% of Value so the effective rate is 7.41%, provided the CENVAT credit on inputs and capital goods, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.
Thanks
As per Notification No.26/2012-ST dated 20-06-2012 the rate of abatement is 40% and tax is payable on 60% of Value so the effective rate is 7.41%, provided the CENVAT credit on inputs and capital goods, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.
Thanks
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