25 July 2011
We are in business of Service Appt. We are charging Service Tax to our customers @ 10.3% at present for bills above Rs. 1000/- we pay the collected Ser Tax at the end of the month. Is it O.k. as per the rules.
Is luxury tax applicable to us ? and above what amt. of billing it is to be charged & at what %. Thanks in anticipation Mamta
26 July 2011
Pl get an expert opinion on luxury tax with your local VAT consultant. Service tax is applicable @10.3 % on 50% of the accomodation as long as you do not avail any input services / other credits.
CAclubindia
