Gst levied under the rack rate or actual amount

Rate / HSN codes 489 views 1 replies
Under the GST law for hotel industry, it's classified the gst rates as per tariff. Now we collect the gst on rack rate or actual amount received . I give one example for clarification (1) We give the rack rate of 2499/- not exceeding the slab of 2500-7500, then the affected gst rate is 12% . If we collected and deposited the gst on rack rate or amount amount
Replies (1)

You have to charge GST as per the actual amount if you room rent is 2500 you have to charge GST as per the ACt but in non season time you give same room is 1500 but in this scenario you have to charge GST on Rs. 2500. as per the rule.


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