10 October 2014
wat tax would be levied on a restaurant owner?
service tax for providing restaurant service or
VAT on amount of consumables sold?
please reply and explain the applicability of both taxes.
10 October 2014
VAT is applicable on sale of food at restuarent. Further in case such restuarent is airconditioned then service tax also would be levied on 40% of the total amount charged as per Rule 2C of Valuation Rules....
CAclubindia
