Dear all,
as per hospitality industry norms tax is calculated on food bill plus service charge . kindly provide me justification that we can do so. any case law in support of this. its an fully ac restaurant with unique theme and ambience.
Also we do not charge vat on 60% of bill amount but on whole bill because we take input credit. is it ok..kindly provide me a proper explanation of the same,
thanks
service tax is charged at 40% of value of bill and VAT is charged at 12.5% of the value of bill.
So 40% is Charged tax twice.
DEAR SHUBHAM SIR ;
PLEASE, LET ME EXPLAIN HOW IT`S BEEN CHARGED TWICE 40% ON BILL
40% charged twice ????? Gupta Ji plz explain ???
CAclubindia
