Wednesday, December 27, 2017

hotels and restaurants new gst rates and input credit



New GST Rates, Input Tax Credit on Hotels



new gst rates and input tax credit on hotels

** Declared tariff includes charges for all amenities provided in the unit of accommodation (given on rent for stay) like furniture, air conditioner, refrigerators or any other amenities, but without excluding any discount offered on the published charges for such unit.

(Note): However, nothing contained in entry (b) of this exemption shall apply to-
  1. Renting of rooms where charges are 1,000 or more per day;
  2. Renting of premises, community halls, kalyanmandapam or open area, and the like where charges are 10,000 or more per day;
  3. Renting of shops or other spaces for business or commerce where charges are 10,000 or more per month.

Supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food/any other article for human consumption/drink, where such supply or service is for cash, deferred payment or other valuable consideration, provided by a restaurant, eating joint including mess, canteen,

  • - neither having the facility of air-conditioning or central air-heating in any part of the establishment, at any time during the year nor having license/permit or by whatever name called to serve alcoholic liquor for human consumption. Rate 12%
  • - having the facility of air-conditioning or central air-heating in any part of the establishment, at any time during the year having license/ permit or by whatever name called to serve alcoholic liquor for human consumption. Rate 18%

Supply, by way of or as part of any service or in any other manner whatsoever in outdoor catering wherein goods, being food or any other article for human consumption or any drink (whether or not alcoholic liquor for human consumption), as a part of such outdoor catering and such supply/service is for cash, deferred payment or other valuable consideration. RATE 18%

Supply, by way of or as part of any service or in any other manner whatsoever, of goods, including but not limited to food or any other article for human consumption or any drink (whether or not alcoholic liquor for human consumption), where such supply or service is for cash, deferred payment or other valuable consideration, in a premises (including hotel, convention centre, club, pandal, shamiana or any other place, specially arranged for organising a function) together with renting of such premises. RATE 18%.

New GST Rates, Input Tax Credit on Restaurants


gst  new rates and input tax credit on restaurants


Thanking You 
Mr.Sunil Ahmad

0 comments:

Post a Comment

Copyright © 2015 Accounting & Taxation All Right Reserved
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger