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What is the nature of a restaurant business

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 July 2013 what is the nature of a restaurant business or
Is a restaurant business considered a service or does is sell products too?
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
08 July 2013 It is considered as taxable by VAT Acts as well as ST Acts......mjk
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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2013 think you sir,
but sir i ask my question for income tax par-pas. (restaurant bus.) is it trading bus or service bus.

please help me
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
11 July 2013 It is mainly a trading business. But, it is also treated as a service under Service Tax Act and levied ST......mjk
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