16 May 2013
26/2012 Abatement Point 6. Renting of Hotel, inn, guest house, club, campsite or other commercial places meant for Residential or Lodging Purpose. Tax on 60% (renting means lodging of guests) Point 5. Bundled service of supply of food in a premise with renting of such premise (including. hotel, pandal, sahamiana, or any other place, specially for functions), 70% portion taxable
16 May 2013
In first case value of services is Rs.100 then service tax will be levied on Rs.60 only and in 2nd case on Rs.70 only @12.36%...am I right??
CAclubindia
