Special rates under st

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14 August 2012 what is special rates under service tax?

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RENGARAJ R.K

RENGARAJ R.K (Expert)
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14 August 2012

S.No. Type of Service Service Tax

1. Tour Package 3.09%
2. Only Hotel Accommodation 1.24%
3. Hotel Accommodation with meals 3.09%
4. Domestic Air Ticketing 0.62%
5. International Air Ticketing 1.24%
6. Rail tickets (On service charge only)12.36%
7. Only Transport 4.95%

Apart from the above the other Service providers would also be changing some rates effecting 01 April 2012.
AIR TICKETS (WILL BE CHARGED BY THE AIRLINE WITH THE TICKET)

1 International or Domestic Air Tickets (Economy Class)4.95%
2 International or Domestic Air Tickets (Business Class) 12.36%

The above will be included by the Airlines in the price of the ticket. However do note that this amount will be charged on the total fare of the airlines. At present the airlines are adding in the ticket cost Rs. 150/- per sector for economy class and Rs. 750/- in case of international tickets. This is also effective 01 April 2012.

HOTELS (TO BE CHARGED BY THE HOTEL)

ACCOMMODATION
Increased from 5.15% to 6.18% effective 01 April 2012. After the budget is passed by the Parliament this amount is to go up by 7.42%. (AS THE ABATEMENT WILL BE REDUCED TO 40%)

MEALS AT THE RESTAURANTS
Increased from 3.09% to 3.71% w.e.f. 01 April, 2012

The above are the special rates applicable to hotel/air sector.