Before the inception of GST, a hotel with a room tariff of more than ₹1,000 was liable for 15% Service tax. Further, after the abatement, the value was brought to somewhere around 8-10%. That’s not all. After that, VAT along with luxury tax was applied to the price. Talking a...
Read Also:GST Impact on Hotel & Tourism Industry After Rate Cut The applicability limit which was 28% GST which gets rises from Rs 5000 to Rs 7000 per room per day through the ministry of finance. The applicable rates on the determination grounds will be amended through the declaration of t...
Hotel staff are polite and very helpful and a clean comfortable room 点评日期: 2024年7月7日星期日 Thank you for your wonderful feedback! We're delighted to hear that you had an excellent stay and found our staff polite and helpful, as well as your room clean and comfortable. Your kind...
Restaurants in hotel premises having room tariff of Rs 7500 and above, telecom services, IT services, branded garments and financial services, Outdoor catering 5) Items under 28% tax slab Bidis, molasses, pan masala, aerated water, paint, sunscreen, wallpaper, ceramic tiles, water heater, dis...
Q15 – Is there input tax credit available for the furniture and AC purchased for office purpose? Q.16 – When there is HSN code mismatch but the tax rate is similar, so is there any effect on input tax credit? Q.17 – What if a hotel doing business under 10 lakh turnover, has ...
served in the breakfast room or on the sun terrace. Eggs and bacon are available on request. The restaurant specialises in local cuisine, and the are live band at noon for the traditional morning pint on Sundays in the summer months. The rate includes a Merano Mobil Card per person, which...
Some of the other items to have lost their tax-exempt status include bank cheques, maps and atlases, hotel rooms that cost up to ₹1,000 a night, and hospital room rents of over ₹5,000 a day. The pre-packed items weighing over 25 kg would not attract GST. Why such move? This...
Non-resident taxable entities can only claim credit for imported goods. Goods given as free samples or destroyed/lost items are not eligible for credit. Standalone restaurants cannot claim credits, though it is allowed for those in hotels with higher room charges. ...
In this article we will talk about how GST affected the bills of restaurants, hotels and other places where we usually go out for eat something.
The structure of GST rate in respect of restaurants is proposed to be revised as follows: Stand-alone restaurants (i.e. restaurants not attached to a hotel), whether or not air-conditioned: liable to GST at 5%, without availability of input tax credit Restaurants in starred hotels where th...