Hi, Experts
Kindly resolve my doubts in service tax under Notification No.31/2011-ST and 34/2011-ST, dated April 25, 2011.
1. Our turnover from hotel accommodation for the year 2010-11 is more than 10 lakhs, but turover arrived from declared room tariff Rs.1000.00 and above per day is less than exemption limit of Rs.10 lakshs so, is it necessary to register and collect service tax immediately i.e w.e.f 01.05.11 or can we wait for new registration till the taxable turnover reaches exemption limit of Rs.10 lakhs.
2. Since abatement of 50% is given, can we consider only the taxable turnover to arrive the 10 lakhs exemption limit?
3. Whether the collection of service tax is applicable for both a/c and non-a/c rooms having tariff more than Rs.1000.00 per day.
4. Can we register and start charging service tax based on the turnover for the year 2011-12, i.e after 31.03.2012.
With thanks in advance.
sree
CAclubindia
