06 January 2012
This service is introduced on 01/05/2011 for those who charge tarrif @ rs. 1000 or more. and also abatement is given 50%. the rate of service tax is 10.3%. But due to abatement the effective rate is 5.15%.
so my question is whether hotel should charge rate @10.3% or the net rate 5.15% on its billing amount? and why ?
CAclubindia
