F&b income

ON FOOD AND BEVERAGES INCOME TWO TYPES OF TAXES ARE IMPOSED 

1. VAT @ 12.5% 

2. SERVICE TAX @ 10.3%

IN CASE OF RESTAURANTS, PUBS OR BARS VAT IS LEVIED ON 70% PORTION OF BILLING AMOUNT AND SERVICE TAX IS LEVIED ON 30% PORTION OF BILL.

IN CASE OF BANQUETS HALL AND OTHERS VAT IS ON 60% PORTION AND SERVICE TAX IS ON 40% PORTION.

thank buddy...

but r u sure na?

ya i m sure... coz i do job in this industry...