Restaurant in 3 star hotel
This query is : Open
08 September 2012
hai...
i need to know about, whether service tax is applicable for restaurant in a 3 star hotel......
if applicable means, what is the rate of service tax?if there is any abatement?
If can give appropriate link also...
i need to know about, whether service tax is applicable for restaurant in a 3 star hotel......
if applicable means, what is the rate of service tax?if there is any abatement?
If can give appropriate link also...
09 September 2012
1. Yes service tax is applicable.
2.Rate of service tax is 12.36%
3. Abatement under notification 26/2012 available provided CENVAT credit on any goods classifiable under Chapters 1 to 22 of the Central Excise Tariff Act, 1985 (5 of 1986) used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.
4. You have the option to determine the value of service provided i.e. supply of food in restaurant as per rule 2C of Service Tax (Determination of Value) Rules, 2006
For further clarification please mail the query at sureshjain.nj@gmail.com and pay if you please Rs. 100 to 500 donation to the "KADAM" institute engaged in education to children of construction labours.
http://www.facebook.com/groups/kadamfoundation/
http://www.kadamfoundation.org/
2.Rate of service tax is 12.36%
3. Abatement under notification 26/2012 available provided CENVAT credit on any goods classifiable under Chapters 1 to 22 of the Central Excise Tariff Act, 1985 (5 of 1986) used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.
4. You have the option to determine the value of service provided i.e. supply of food in restaurant as per rule 2C of Service Tax (Determination of Value) Rules, 2006
For further clarification please mail the query at sureshjain.nj@gmail.com and pay if you please Rs. 100 to 500 donation to the "KADAM" institute engaged in education to children of construction labours.
http://www.facebook.com/groups/kadamfoundation/
http://www.kadamfoundation.org/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS DEMAND.
- TDS-Fixed assets
- Joint Account Closure
- 139(4) for ITR-5- audit
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- Mentioned xyz as employer name instead of xyz LLC in ITR
- NATURE OF PENALTY AND INTEREST UNDER TAXATION
- Regarding Claim of ITC of FY 2020-21
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
