Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Stax on hotels

vik (student) (113 Points)

02 November 2011

what is tax liability if bill exeeds 1000 with f&b income.before f&b it was less than 1000.

Reply
Follow
Share

8 Replies

CA Sripal Jain (Associate Finance) (709 Points)
Replied 02 November 2011

hey for hotels 70 percent exemption is there..i dunno in what context u teling tht can u write full form of words and be precise

Upgrade to CAclubindia Pro. Subscribe Now!

CA Sripal Jain (Associate Finance) (709 Points)
Replied 02 November 2011

if your speaking regarding D. O. F. No. 334/3/2011-TRU 25 short term accomodation which was recently levied so one can give their views

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 02 November 2011

Originally posted by : vik
	what is tax liability if bill exeeds 1000 with f&b income.before f&b it was less than 1000.

st applicable if tariff value of rooms rent exceeds 1000/-

vik (student) (113 Points)
Replied 03 November 2011

thanks all..

actually room income is less than 1000 and including f&b income exceeds 1000.

1000 tariff p.day or per bill?

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 03 November 2011

tariff value 1000/- per day .................... ( before any discount or add on)

Upgrade to CAclubindia Pro. Subscribe Now!

vik (student) (113 Points)
Replied 04 November 2011

1519 room income

76 luxury tax

1518 f&b income

what is s.tax?

is luxury tax ok?

vik (student) (113 Points)
Replied 08 November 2011

no one to ans????

vik (student) (113 Points)
Replied 09 November 2011

Service Tax on Hotel rooms rentals

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.