On hotel and lodging business
This query is : Resolved
20 March 2013
1) MY CLIENT HAS HOTEL BUSINESS WHICH IS ON RENT ( I.E HE HAS TAKEN THE HOTEL ON RENT)
IS RS 1000/- EXEMPTION LIMIT IS APPLICABLE TO HIM OR NOT?
2)IS 60%-40% RULE APPLICABLE TO HIM?
3)CAN HE TAKE CENVAT CREDIT ON PROFESSIONAL FEES AND RENT PAID BY HIM????
IS RS 1000/- EXEMPTION LIMIT IS APPLICABLE TO HIM OR NOT?
2)IS 60%-40% RULE APPLICABLE TO HIM?
3)CAN HE TAKE CENVAT CREDIT ON PROFESSIONAL FEES AND RENT PAID BY HIM????
21 March 2013
1.
Which 1000 Exemption Limit You are talking for ?
Services by way of renting of a hotel, inn, guest house, club, campsite or other commercial places meant for residential or lodging purposes, having declared tariff of a room below rupees one thousand per day or equivalent.
This is Applicabel to Service provider, But in This Case You are Service receiver.
No Exemption is applicable.
Which 1000 Exemption Limit You are talking for ?
Services by way of renting of a hotel, inn, guest house, club, campsite or other commercial places meant for residential or lodging purposes, having declared tariff of a room below rupees one thousand per day or equivalent.
This is Applicabel to Service provider, But in This Case You are Service receiver.
No Exemption is applicable.
21 March 2013
2. 40% Value is to be Taken for Restaurent Service Food Served.
3. Yes, he Can take Provided Registered under service tax, and output service tax libality is there.
3. Yes, he Can take Provided Registered under service tax, and output service tax libality is there.
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