Urgently required karnataka luxury tax rates
This query is : Open
13 May 2013
Dear All,
I urgently want Karnataka Luxury Tax Rates on room rent and hall rent from the FINANCIAL YEAR 2007-2008 TO 2012-2013.
Please help me.
Thanks in advance.
I urgently want Karnataka Luxury Tax Rates on room rent and hall rent from the FINANCIAL YEAR 2007-2008 TO 2012-2013.
Please help me.
Thanks in advance.
13 May 2013
Luxury Tax 2007-08
******************
In view of global economic downturn, Tourism and Hotel Industry has been adversely affected. Therefore, to provide boost to tourism, I intend to make the following changes in Luxury Tax.
· Exemption limit for Luxury Tax will be increased from daily room rent of Rs.149 to Rs.499.
· Luxury Tax will be imposed on actual rates instead of the declared rack-rate.
· Luxury Tax rates will be modified as outlined below.
i) Daily room rent from Rs.500 to Rs.1000: 4%
ii) Daily room rent from above Rs.1000 and upto Rs.2000 : 6% .
iii) Daily room rent above Rs.2000 : 10%.
· Luxury Tax on Marriage Hall will be reduced from 20% to 10%.
· To promote trade exhibitions, Luxury Tax on Exhibition Hall will be reduced from 20% to 10%.
2008-09
******
http://www.taxindiaonline.com/RC2/pdfdocs/wnew/kar_cir07.pdf
2009-10
*******
Luxury Tax
Tax exemption limit increased to Rs. 499/-.
Levy of tax on actual rents.
Tax slabs revised – 4% on room rents of Rs. 500/- to Rs. 1000/-, 6% on room rents exceeding Rs. 1000/- upto Rs. 2000/- and 10% on room rents exceeding Rs. 2000/-.
Tax on marriage halls reduced to 10%.
Tax on exhibition halls reduced to 10%.
AMENDMENT IN 2010-11
********************
Luxury Tax
o Luxury tax on hotels with daily room rents from Rs.1,000 to Rs.2000 increased from 6% to 8%.
o Luxury tax on hotels with daily room rents exceeding Rs.2,000 increased from 10% to 12%.
2011-12
*******
http://issuu.com/bedremanjunath/docs/karnataka_state_budget_2011_complete
http://naveenrajpurohit.com/pages/ka-vat%20circular/03-2012.htm
Luxury Tax 2007-08
******************
In view of global economic downturn, Tourism and Hotel Industry has been adversely affected. Therefore, to provide boost to tourism, I intend to make the following changes in Luxury Tax.
· Exemption limit for Luxury Tax will be increased from daily room rent of Rs.149 to Rs.499.
· Luxury Tax will be imposed on actual rates instead of the declared rack-rate.
· Luxury Tax rates will be modified as outlined below.
i) Daily room rent from Rs.500 to Rs.1000: 4%
ii) Daily room rent from above Rs.1000 and upto Rs.2000 : 6% .
iii) Daily room rent above Rs.2000 : 10%.
· Luxury Tax on Marriage Hall will be reduced from 20% to 10%.
· To promote trade exhibitions, Luxury Tax on Exhibition Hall will be reduced from 20% to 10%.
2008-09
******
http://www.taxindiaonline.com/RC2/pdfdocs/wnew/kar_cir07.pdf
2009-10
*******
Luxury Tax
Tax exemption limit increased to Rs. 499/-.
Levy of tax on actual rents.
Tax slabs revised – 4% on room rents of Rs. 500/- to Rs. 1000/-, 6% on room rents exceeding Rs. 1000/- upto Rs. 2000/- and 10% on room rents exceeding Rs. 2000/-.
Tax on marriage halls reduced to 10%.
Tax on exhibition halls reduced to 10%.
AMENDMENT IN 2010-11
********************
Luxury Tax
o Luxury tax on hotels with daily room rents from Rs.1,000 to Rs.2000 increased from 6% to 8%.
o Luxury tax on hotels with daily room rents exceeding Rs.2,000 increased from 10% to 12%.
2011-12
*******
http://issuu.com/bedremanjunath/docs/karnataka_state_budget_2011_complete
http://naveenrajpurohit.com/pages/ka-vat%20circular/03-2012.htm
13 May 2013
Thanks Ramesh JI. What was the basic exemption limit in case of marriage hall? Or it was taxable irrespective of amount?
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