Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: VAT RATES :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: form 3cd :: cpt :: ACCOUNTING STANDARD :: due date for vat payment :: TDS :: ACCOUNTING STANDARDS :: empanelment :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Service Tax »
 All you want to know in 5 brief points
 GST loss to be reduced by slice of service tax
 Government encouraging self-registration for GST
 Spl assembly session on GST Bill on May 9
  Getting the trade to align with GST is a challenge
 Getting the trade to align with GST is a challenge
 With GST launch, race against time to avoid sales tax upheaval across India
 GST to rate taxpayers, businesses on payment record, make ratings public
 7 major benefits of Goods and Services Tax
 100 Opening GST Profiles- Indirect Taxation- ALL Industries
 New Opening Sr. Manager-Indirect Tax For A Leading Power Company

Service tax to bite, eating out at AC restaurants gets costlier from today
April, 02nd 2013

Eating out at an air-conditioned (AC) restaurant and parking vehicle at places like malls have become more expensive as these will attract 12 per cent service tax from today.

However, there is still confusion on whether the food delivered at the doorsteps from such eating joints would attract service tax or not.

"Service tax can only be levied if there is an element of service involved. However, in case of takeaways or home delivery, the customer does not enjoy infrastructure or ambiance of an AC restaurant. The service is incidental to actual sale of goods," KPMG India partner Pratik Jain said.

Besides, service by way of vehicle parking to general public has also been withdrawn from exemption list and are liable to attract the levy.

"...with effect from April 1, 2013, service tax will be leviable on taxable service provided in restaurants with air-conditioning or central air heating in any part of the establishment at any time during the year," Budget document said.

In order to garner an additional Rs 4,700 crore from indirect tax during 2013-14, Finance Minister P Chidambaram included a few more services under the service tax ambit.

"At present, service tax does not apply to air conditioned restaurants that do not serve liquor. The distinction is artificial, and I propose to levy service tax on all air conditioned restaurants," Chidambaram had said in the Budget speech.

As per the current norms, there is 60 per cent abatement for the purporse of charging service tax on services provided by AC restaurants. It would mean that the 12 per cent tax will apply on 40 per cent of the total billed amount.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions