we are coming in hotel industry need to know the calculation of GST if my declared tariff is 3000 discount 800.
tax rates on tariff
1000 to 2499-12%
2500 to 7499-18%
3 Replies
Sundararajan S
(Final Student of ICAI)
(1764 Points)
Replied 03 October 2018
Sir the concept of declared value is done away with and now it's only on value of supply. So it depends on how much you actually receive from customer. According to that the tax slab is to be ascertained. If it is 2200 you receive, then 12%
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 03 October 2018
As per Noti. 13/2018 CT (R), Gst is applicable on Trasaction Value , not on declare Tariff, hence the transaction value is 2200/- (3000-800) the GST is payable @ 12℅ on 2200/-
K P S Group
(247 Points)
Replied 03 October 2018
pankaj is absolutely correct and it's the way to calculate
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