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Luxury Tax

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(Querist)
01 August 2010 Hotel X levies luxury tax on their bills. Do they get any set-off, so that their luxury tax liability reduces?
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CA. Pradeep Nayak

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CA. Pradeep Nayak (Expert)
01 August 2010 Luxury tax collected should be paid to the Govt. There are no other taxes against which luxury tax liability can be set off.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 August 2010 There is no input scheme under luxary tax
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