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The effective service tax on eating out in air-conditioned or centrally-heated restaurants will be 5.6% of the food bill compared with 4.94%. Service tax is chargeable on services provided by restaurants, eating joints or messes, which have the facility of airconditioning or central air heating in any part of the establishment at any time during the year in relation to serving of food or beverages.
"14 per cent service tax on food/beverage in air conditioned hotels and restaurants calculated on 40 per cent of bill amount. Effective tax rate 5.6 per cent," …
Service tax on food bill in air conditioned restaurants will go up to 5.6 per cent as against 4.94 per cent previously.
With the increase in the rate of service tax to 14 percent (subsuming the education cesses) from 1 June, the effective rate of tax will be 5.6 percent of the total …
Pursuant to increase in rate of Service tax from 12.36% to 14% (Subsuming Education Cess and Secondary & Higher Education Cess) effective from June 1, 2015, …
Pursuant to Rule 2C of Service Tax (Determination of Value) Rules, 2006 {reproduced here in below} inserted vide Notification no 24/2012-ST dated 6.6.2012, …
Restaurants without air conditioning facility will not charge any service tax from their customers while the ones with ACs will charge only on the 40 per cent of the …
READ ALSO: New service tax rate of 14% from June 1 The earlier service tax rate was 12.36% including the education cess. The effective service tax on eating out in …
The effective incidence of service tax on food bill in air conditioned restaurants will go up to 5.6 per cent as against 4.94 per cent previously, a senior finance …
The Service Tax rate has been increased to 14% with effect from 1st June, 2015. Certain doubts have been raised in regard to abatement on value of services …
For Air Conditioner restaurant, service tax is applicable on 40% of the total food bill. This means effective service tax would be 5.6% (14% of 40%) of the total …
Rate of service tax applicable – the restaurants with AC/central heating and bar who are required to pay service tax under the act shall pay tax on 40% of total amount …
The Service Tax rate has been increased to 14% with effect from 1st June, 2015. Certain doubts have been raised in regard to abatement on value of services …
15 %. 9. On Service portion in execution of works contract ( Partial Reverse Charge upto 50% )- In case of Original Work – Value of Service is 40%. – In case of …
The gross receipts tax is much like a Value Added Tax, only for businesses rather than individuals. Four states impose gross receipt taxes, Nevada, Ohio, Texas, and …
Tax Rates for Fawn Creek - The Sales Tax Rate for Fawn Creek is 8.5%. The US average is 7.3%. - The Income Tax Rate for Fawn Creek is 5.7%. The US average is 4.6%. - Tax Rates …
Address: Recreation Road, PSC 1005 Box 19, FPO, AE 09593-0001, Fawn Creek Township, KS 67301, USA
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