how much exemption is available on hall income for service tax....
any basic limits?
Anupam Bajaj
(Student)
(111 Points)
Replied 08 November 2011
vik
(student)
(113 Points)
Replied 08 November 2011
thanks but not that basic...
like room income exceeds 1000 than only tax levied and only on 30% of room income amount.
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 09 November 2011
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 09 November 2011
vik
(student)
(113 Points)
Replied 09 November 2011
Hotel accommodation, in excess of declared tariff of Rs. 1000 per day and service provided by air conditioned restaurants that have license to serve liquor are the new services which have been brought under the service tax net. While proposing to levy service tax on these services, the Union Finance Minister, Shri Pranab Mukherjee has said that the hotel accommodation with declared tariff of over Rs. 1000 per day will have to pay the service tax with an abatement of 50 per cent. This will mean an effective burden of only 5 per cent of the amount charged. Air conditioned restaurants with license to serve liquor will now be paying service tax with an abatement of 70 per cent. The effective burden will be 3 per cent of the bill only in this case.
BHAVESH
(sales exe)
(21 Points)
Replied 04 April 2012
I have recd. noties from services tax dept. for non return filing , but we have already surrender No. along with copy of form ST -3. now tell me what to do.
Prasad
(Sr. Manager)
(617 Points)
Replied 05 April 2012
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