what is tax liability if bill exeeds 1000 with f&b income.before f&b it was less than 1000.
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
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)
(21056 Points)
Replied 02 November 2011
| Originally posted by : vik | ||
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what is tax liability if bill exeeds 1000 with f&b income.before f&b it was less than 1000. |
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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)
(21056 Points)
Replied 03 November 2011
tariff value 1000/- per day .................... ( before any discount or add on)
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 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.
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