St on hotal industry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2016
Dear Experts,
plz let me know how much ST need to charge on hotel bill, any abatement also provide the Notification for the same..
Regard
Atul Bansal
plz let me know how much ST need to charge on hotel bill, any abatement also provide the Notification for the same..
Regard
Atul Bansal
daya shankar singh
(Expert)
09 January 2016
As per Notf. No. 26/2012, dt 20/06/2012
1)Hotels having room Tariff of Rs. 1000/and above have to pay the Service Tax on 60% of Room Tariff @ 14% (the net rate of Service Tax comes to 8.4%).
2)Restaurants, the Service Tax is applicable on 40% of the F & B Bill @ 14% (the net rate of Service Tax comes to 5.6%)
Rgds:-
CA. Daya Shankar Singh
1)Hotels having room Tariff of Rs. 1000/and above have to pay the Service Tax on 60% of Room Tariff @ 14% (the net rate of Service Tax comes to 8.4%).
2)Restaurants, the Service Tax is applicable on 40% of the F & B Bill @ 14% (the net rate of Service Tax comes to 5.6%)
Rgds:-
CA. Daya Shankar Singh
Porwal Consultancy
(Expert)
10 January 2016
Swachh Bharat Cess is also applicable over & above Service Tax @ 0.5% on taxable value.
KAVIRAJA ADDANGADI
(Expert)
11 January 2016
Service tax after SBC@0.5 it will be 8.7 &5.8% respectively.
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