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Service apartment (hotel)

satheeshkumar (Accountant) (59 Points)

26 February 2015

Sir,

1. What are the Taxes applicable for Service Apartment (Hotel )

2. What is Rates of Taxes?

3. What is the procudure of manage the accounting?

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7 Replies

sesha (accounts executive) (1101 Points)
Replied 26 February 2015

Luxury tax vat is applicable for hotels. for service tax.pls mention which state place of business

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satheeshkumar (Accountant) (59 Points)
Replied 26 February 2015

Thank you, Its Chennai in Tamilandu..

sesha (accounts executive) (1101 Points)
Replied 26 February 2015

if i hotel industry doing outdoor caterering more than 10lkakhs then service tax is applicable under catering outdoor head. some times for providing renting accomdation like fixing meeting, place for semeniar then service tax will be appliable.

sesha (accounts executive) (1101 Points)
Replied 26 February 2015

Please refer the vat act tamil nadu tax on luxuries rules 1980 on this methood Maintenance of accounts.— (1) Every proprietor of a hotel shall maintain,— (a) information of the l uxury provided and the tariff therefor in his hotel, in Form I ; b) daily account of occupation of lodging accommodation in his hotel and collection of tax therefor, in Form II ; and (c) monthly abstract of co llection and remittance of tax, in Form III. (2) 2 [The proprietor of a hotel] shall maintain a separate register for each of these forms, and shall get each of the pages of such register numbered, sealed and certified by the assessing authority, or any officer duly authorised by it in this behalf. 2 The expression "proprietor" was substituted by the expression "proprietor of a hotel" by No. SRO A-71(b)/99, dated 30th September, 1999. 3 [(3) Every tobacconist shall keep and maintain true and complete accounts of tob acco products together with supporting documents such as invoices, challans, advice or other documents of similar nature. 3 Sub-rules (3) to (7) were added by No . SRO A-71(b)/99, dated 30th September, 1999 (4) Each and every receipt and every supply, removal, despatch of stock of tobacco products shall be brought to account then and there. (5) In the case of manufact urer of tobacco products, books of accounts and documents to be maintained for the purpose shall be as prescribed under the Central Excise Rules, 1944. (6) In the case of importers of tobacco products whether on outright purchase or by way of inward stock transfer or on receipt for sale on behalf of other suppliers either outside the State or inside the State, such tobacconist shall maintain day-to-day stock account in respect of each variety of tobacco products dealt with by him. The day-to-day stock account shall contain particulars in terms of quantity and value, in respect of — (i) Opening stock ; (ii) Receipts in respect of imports of tobacco products either by way of out right purchase or by inward stock transfers or by any such other nature iii) Despatches either by supply by way of sales, removals, or by any such other nature ; and (iv) Closing balance of stock. (7) Every proprietor shall maintain an upto-date true, correct and complete account eith er in Tamil or in English and sale. adopt international numerals ;]

sudarshan (CA) (745 Points)
Replied 27 February 2015

service exemption available to units let out for residential purposes. However, service apartments are doing business, whether the exemption is available to them ?

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sesha (accounts executive) (1101 Points)
Replied 27 February 2015

i) Construction for High End Residential unit having carpet area of 2000 sq. ft. or more AND where the amount charged is Rs. 1 crore or more. there is 3.708% is taxable 2ii) Construction of other than High End Residential Unit. there will be 3.090%

sudarshan (CA) (745 Points)
Replied 27 February 2015

consturction of single residential unit is exempt as per negative list. In construction of complex ,the abatement given for 2000 sq feet or rs.1 crore. So both are mutually exclusive.