Is Luxury tax applicable in addition to ser Tax
This query is : Resolved
25 July 2011
We are in business of Service Appt. We are charging Service Tax to our customers @ 10.3% at present for bills above Rs. 1000/- we pay the collected Ser Tax at the end of the month. Is it O.k. as per the rules.
Is luxury tax applicable to us ? and above what amt. of billing it is to be charged & at what %.
Thanks in anticipation
Mamta
Is luxury tax applicable to us ? and above what amt. of billing it is to be charged & at what %.
Thanks in anticipation
Mamta
Madhukar N Hiregange
(Expert)
26 July 2011
Pl get an expert opinion on luxury tax with your local VAT consultant.
Service tax is applicable @10.3 % on 50% of the accomodation as long as you do not avail any input services / other credits.
Service tax is applicable @10.3 % on 50% of the accomodation as long as you do not avail any input services / other credits.
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