hey for hotels 70 percent exemption is there..i dunno in what context u teling tht can u write full form of words and be precise

if your speaking regarding D. O.  F.  No. 334/3/2011-TRU 25  short term accomodation which was recently levied so one can give their views

Originally posted by : vik
	what is tax liability if bill exeeds 1000 with f&b income.before f&b it was less than 1000.

st applicable if tariff value of rooms rent exceeds 1000/- 

thanks all..

actually room income is less than 1000 and including f&b income exceeds 1000.

1000 tariff p.day or per bill?

tariff value 1000/- per day .................... ( before any discount or add on)

1519 room income

76 luxury tax

1518 f&b income

what is s.tax?

is luxury tax ok?

no one to ans????

Service Tax on Hotel rooms rentals

Hotel accommodation, in excess of declared tariff of Rs. 1000 per day and service provided by air conditioned restaurants that have license to serve liquor are the new services which have been brought under the service tax net. While proposing to levy service tax on these services, the Union Finance Minister, Shri Pranab Mukherjee has said that the hotel accommodation with declared tariff of over Rs. 1000 per day will have to pay the service tax with an abatement of 50 per cent. This will mean an effective burden of only 5 per cent of the amount charged. Air conditioned restaurants with license to serve liquor will now be paying service tax with an abatement of 70 per cent. The effective burden will be 3 per cent of the bill only in this case.