Dear Colleagues,
The GST for Luxury hotels has been set to 28% (It was 19% previously). If we collect vouchers and payments before 30th June and raise invoices against those bookings and book the revenue for a few bookings operating after 1st July, can I still charge old tax of 19% and not GST for these bookings?
Please help!
If u recd. advance from Customer against Booking before GST then It will impact 19% rate as u said but ......afterwards u do the invoice after GST you have to charge differential tax from the customer i.e. 9% (28-19).
Thank you. But a lot of guests pay only small advance or they are on credit list (The balance we receive much later). But they are giving us confirmed voucher so can I raise the invoice at 19% before 30th June? Since these are confirmed bookings the clients are not willing to pay 9% additional tax. Most clients are from Europe. Please advice.
sorry .. you cannot invoice before 30th June if the guest come in July and there room rent start from July
The Rule is you can invoice only after within 30 days from the completion of service.
For old tax you can do is make invoice of Checkin and Checkout time in the month of June and mentioned the period that they live in June.
Otherwise there is no other possibility.. it is for sure you have to charge GST as per the ACT
CAclubindia
