Urgently required karnataka luxury tax rates

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C.A. Anthony C D'souza (Querist)
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13 May 2013 Dear All,

I urgently want Karnataka Luxury Tax Rates on room rent and hall rent from the FINANCIAL YEAR 2007-2008 TO 2012-2013.

Please help me.

Thanks in advance.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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13 May 2013
Luxury Tax 2007-08
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In view of global economic downturn, Tourism and Hotel Industry has been adversely affected. Therefore, to provide boost to tourism, I intend to make the following changes in Luxury Tax.

· Exemption limit for Luxury Tax will be increased from daily room rent of Rs.149 to Rs.499.

· Luxury Tax will be imposed on actual rates instead of the declared rack-rate.

· Luxury Tax rates will be modified as outlined below.

i) Daily room rent from Rs.500 to Rs.1000: 4%

ii) Daily room rent from above Rs.1000 and upto Rs.2000 : 6% .

iii) Daily room rent above Rs.2000 : 10%.

· Luxury Tax on Marriage Hall will be reduced from 20% to 10%.

· To promote trade exhibitions, Luxury Tax on Exhibition Hall will be reduced from 20% to 10%.

2008-09
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http://www.taxindiaonline.com/RC2/pdfdocs/wnew/kar_cir07.pdf

2009-10
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Luxury Tax

Tax exemption limit increased to Rs. 499/-.
Levy of tax on actual rents.
Tax slabs revised â€“ 4% on room rents of Rs. 500/- to Rs. 1000/-, 6% on room rents exceeding Rs. 1000/- upto Rs. 2000/- and 10% on room rents exceeding Rs. 2000/-.
Tax on marriage halls reduced to 10%.
Tax on exhibition halls reduced to 10%.

AMENDMENT IN 2010-11
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Luxury Tax

o Luxury tax on hotels with daily room rents from Rs.1,000 to Rs.2000 increased from 6% to 8%.

o Luxury tax on hotels with daily room rents exceeding Rs.2,000 increased from 10% to 12%.

2011-12
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http://issuu.com/bedremanjunath/docs/karnataka_state_budget_2011_complete

http://naveenrajpurohit.com/pages/ka-vat%20circular/03-2012.htm

C.A. Anthony C D'souza

C.A. Anthony C D'souza (Querist)
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13 May 2013 Thanks Ramesh JI. What was the basic exemption limit in case of marriage hall? Or it was taxable irrespective of amount?