Hello Guys,
Please tell me if, is there any amendment or change of GST rate in hotel room tarrif.
and what was the last notification about GST Rate as per room tarrif in hotels.
1. Declared Room Tariff upto Rs. 999/- : GST @ NIL [Remark – No ITC Credit]
2. Declared Room Tariff from Rs. 1000/- upto Rs. 2499/- : GST @ 12% [ITC Credit allowed]
3. Declared Room Tariff from Rs. 2500/- upto Rs. 7499/- : GST @ 18% [ITC Credit allowed]
4. Declared Room Tariff from Rs. 7500/- and above : GST @ 28% [ITC Credit allowed]
[NOTE : GST Rate is decided on the basis of Declared Room Tariff but the tax is chargeable only on the actual amount charged from the customer/ guest]
As per Notification 46/2017 CT (r)
Restaurants without ITC, charge 5%
Restaurants in hotel where room tariff is 7500/- or more , charge 18% with full ITC
CAclubindia
