24 May 2011
My Query is what if hotel has 2 types of rooms. One having tariff above Rs 1000/- and other below Rs 1000/-. Which tariff should be considered for registration purpose (For thresh hold limit of Rs 10,00000/-)Please let me know asap.. thanks
25 May 2011
For determining the limit for registration and exemption, value of service in relation to rooms bearing tariff below Rs. 1000/- will not be reckoned.
04 June 2011
It is the aggregate value of taxable service, relevant part of the definition is extracted as shown below. "...The sum total of first consecutive payments received during a financial year towards the gross amount, as prescribed under section 67 of the said Finance Act, charged by the service provider towards taxable services till the aggregate amount of such payments is equal to four lakh rupees but does not include payments received towards such gross amount which are exempt from whole of service tax leviable thereon under..."
CAclubindia
