Hotels
This query is : Resolved
04 March 2014
Dear Sir,
Monthly Gross Receipts average Rs.500000 to 700000 in the business of hotels.what is the vat applicable in tnvat act
Monthly Gross Receipts average Rs.500000 to 700000 in the business of hotels.what is the vat applicable in tnvat act
07 March 2014
As per section 7 (1) (b) of TN VAT Act, 2% VAT should be paid by Non- Star Hotels, Restaurants. But No ITC is eligible on purchases.
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