03 December 2015
Hello friends we have got an assignment for accounts and taxation work of a client engaged in outdoor catering business (also having few takeaway food outlets). hence we are accumulating all the information which would be necessary in completing the assignment successfully ie all the complainces taxation as well as accounting. hence we request you all to share your knowledge and materials which would be beneficial for us. ie applicability of various taxes ie service tax. Vat etc.
04 December 2015
Service tax at 14.5%(from 15th November earlier 14%} applicable on 60% value of out door catering. If take away food out lets attached to AC restaurant then service tax payable on 40% value.
CAclubindia
