Become a Certified GST Practitioner in just 58 hours. Register Now!

Hotel gst books

parmod kumar (MBA) (4 Points)

21 May 2017

would any one guide me for gst books for five star hotel.

Reply
Follow
Share

1 Replies

CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
Replied 22 May 2017

Tax liability on Hotels under GST regime  Luxury Tax on services provided in a Hotel is leviable @ 10% on receipt basis. As all services under GST regime are to be taxed @ 18% while the present rate of Service Tax is 15%.  The services provided under GST regime by way of lodging accommodation by a hotel, inn, guest house, home stay, club or campsite by whatever name called and including a house boat or any other vessel will be taxable @ 18% on the transaction value of supply of services in all probability.  There is no Luxury Tax under LEAT, where the rate per day for accommodation is upto Rs. 3,000/-. Such exemption on daily rate basis may not be available under GST regime.  The threshold limit under GST regime on supply of services is aggregate turnover of Rs.20 lacs per annum. On discount, some of the owners who are paying tax under LEAT may not be liable to pay tax under GST regime.  Some of the owners of the Hotel who are enjoying exemption from payment of Luxury Tax will not get the benefit of exemption under GST regime.  The supplier of Hotel services will be entitled to input tax rebate on the inputs, capital goods and input services used by them in the course or furtherance of business.  Alcoholic liquor for human consumption alongwith Perto Products has been retained in entry 54 of List –II, i.e., State List of the Seventh Schedule of the Constitution. As such, tax on Alcoholic liquor for human consumption, as provided to customers in restaurants will continue to attract Vat under VAT Laws of the states. Being a super luxury, it may attract a higher rate in the interest of state revenue.  No Input Tax credit will be available to sale of alcoholic liquor for human consumption as it is outside the GST regime.