Can anyone clarify-
S.N. 14 of exemption list regarding Hotel says below Rs.1000/day or equivalent.
What is the relevance of this word equivalent?
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Exemption for Hotel
Replies (3)
for example if hotel charged room rent per day Traiff value RS. 900 then it is exempt from gst laibility . however if traiff value is Rs.1000 then it is liable for gst
for example if traiff value Rs. 1000 and given discount of Rs.200 and charged net amount Rs.800 per day for room rent then also it is liable to gst on 800 amount it is called equivalent amount
Equivalent means equivalent of Rs.1000 in any other currency.
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