Goa Govt. reiterates the
clarification issued by Finance Ministry regarding levy of GST on accommodation
services; Inter alia clarifies that declared / published tariff is relevant
only for determination of tax rate slab and GST shall be payable on actual amount
charged (transaction value); In case of different tariffs declared for
different seasons or periods of the year, the tariff declared for season in
which service of accommodation is provided shall apply; Further clarifies that
in case of booking through online portal, the rate of tax payable would be 28%
when “declared tariff” is more than Rs. 7,500/- per day; It shall be the
responsibility of hotel to ensure that appropriate tax is charged and paid to
Govt. exchequer, even though booking is done through online portals : Goa Govt.
Trade Circular
Subscribe to:
Post Comments (Atom)
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
When India introduced the Goods and Services Tax (GST), it created a big change in the way companies handle their taxes. Earlier, business...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
What is a Digital Signature? Answer: A digital signature authenticates electronic documents in a similar manner a handwritten signatur...
-
Companies often give gifts to their employees to boost morale, celebrate achievements, and promote a positive work environment. Such gifts ...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
Section 150 of the Finance (No. 2) Act, 2024, specifies that taxpayers will not receive refunds for taxes paid or input tax credits (ITC) re...
-
Overview The Supreme Court of India recently ruled on the applicability of the Most Favoured Nation (MFN) clause in tax treaties involvin...
No comments:
Post a Comment