Functional hall taxation and accounting in gst act

For a registered functional hall dealer in the regular scheme, the standard tax rate for both venue rental and bundled catering services is 18%. You are eligible to claim Input Tax Credit (ITC) on your operational expenses. Ensure you issue GST-compliant invoices using the correct SAC codes and maintain clear records of all bookings and vendor expenses to file your GSTR-1 and GSTR-3B returns accurately.