My client is partnership firm in Hotel wherein it contain restaurent & rooms for customers established w.e.f. 20/7/2012. In restaurant there is no Air Conditioner. however, in rooms thereis a facility of Air conditioner.
During the period 20.7.2012 to 31.3.2012 room charges were collected Rs. 350000, but during the FY 22013-14 in the month of its crossed Rs, 900000 in Nov.13. Up till now it is collected Rs 1200000.
I want to know, whether service tax registeration is necessary and what will be the penaulty / interest if the registeration obtained after the month of April 2014. Furhter, rate of service tax or abetement and how it will be calculated.
CAclubindia
