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regarding hotel rooms
my lodge total turn over is rs. 20 to 25 lakhs per year. our room tariff is not declared and our tariff is rs.500 to rs.1500. depends upon the demand of room.I also collect tax for more than Rs.1000 for rooms when in gst return i want to show all of my rooms rent or only taxable room rent
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Tax on renting of rooms by a hotel or lodge or guest house etc. is charged under 3 categories.
- Rooms with tariff or room charges between Rs. 1000 to Rs. less than 2500 are taxed at 12% and full Input Tax Credit (ITC) is available.
- Rooms with tariff or room charge between Rs. 2500 and less than Rs. 7500 are taxed at 18% with full ITC.
- Hotel room with room tariff or charge more than 7500 per day is taxed at 28% with full ITC.
In your case you can charge tax only on those rent which are above Rs. 1,000/- @ 12% with full ITC.
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