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2% of the service tax payable: 00440298: Secondary and HigherEducation cess: 1% of the service tax payable. 00440426: Other – Penalty/interest: As levied or applicable: 00441068
From 1st April 2013 , service tax is applicable only if the restaurant has the facility of air-conditioning or central air heating in any part of the establishment at any time during the …
As the service tax is around 12.36% at the moment, the final tax you need to pay is only 4.944% (12.5% X 40%) on the bill (inclusive of service charge). The next important thing you should know is that, only AC restaurant …
How To Calculate Tax On A Restaurant Bill? (Perfect answer) First, find the amount of sales tax. In doing so, first convert the percent to a decimal and then multiply by the total …
In case of restaurant services, service tax shall be levied after considering the abatement of 60%. Now, the service tax shall be levied @ 4.944% (40% of 12.36%) or @ …
As per this Rule, abatement has been allowed for the levy of Service Tax on the Food Served in Restaurants, which says that Service Tax should be charged only on 40% of the Food Bill (incl …
Therefore, effective service tax rate would be 5.6% (14% of 40%) of the total amount charged. Hence, with the increase in the applicable rate of service tax from 12.36% …
Calculate on the rate of service tax as shown below: 12.36% x 40% = 4.944% = 4.94% (approximately). Hence, it is to be decided whether the restaurant owners are to be …
Hi I have a confusion regarding the service tax applied to me in restaurant I have explained below the calculation Please answer my queries We went to a restaurant as a team …
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 charged …
This means that the service tax is chargeable only on 40% of the bill and not on the entire amount. So on the entire bill, the service tax chargeable will be 5.8% (6% from June 1). Service Charge …
Service Tax on Hotel,restaurant in Uttarakhand Exempted till 31.03.2014 0 0 RAJ KUMARI Wednesday, September 18, 2013 2013-09-18T18:53:00+05:30 Edit this post SECTION …
So on the entire bill, the service tax chargeable will be 5.8% (6% from June 1). For example, if your food and drinks bill is Rs. 2,450, then you should be paying Rs. 142 as service tax at the rate of …
If the restaurant is neither Air conditioned nor liquor is served, then GST rate is 12%. If either liquor is served or AC facility is there, then GST rate is 18%. If the restaurant is in the …
ST is calculated at 5.6%. Service Tax is actually 14% and it is applicable on 40% of the total bill (Including food total + Service charge). ST* = 5.6%, i.e. 14% of 40. Notes: (i). As per …
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 Washington. Assumptions: - …
Our cost of living calculator assumes people spend around 19% of their income on miscellaneous expenses. We broke down that 19% as follows: Restaurant meals and prepared food includes …
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