24 October 2013
Sir. I am running restaurant bearing anual turnover 40,00,000.
This restaurant is partly AC in 900 sq feet.
Yarly turnover of AC hall is 12,00,000 & counter for AC hall is separate.
do i liable for service tax?
24 October 2013
Service tax is the tax levied by the Government on the services rendered by restaurants. Service tax is same in all states. It is 12.36% on the 40% of the bill.
Notification No. 03/2013-ST dated March 1, 2013 (“Notification 03/2013”)
CAclubindia
