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 :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: VAT RATES :: form 3cd :: TDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: cpt :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 Make your inventory and invoicing software GST Ready from Binarysoft
 Filing income-tax returns gets simpler for salaried persons
 Ten rules you must follow while filing income tax returns
 Reforming the income tax tribunal
 How the new system might impact consumers and businesses
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes

Hike in service tax will discourage tourists, impact hotel industry
April, 30th 2015

The proposed hike in service tax to 14% will adversely affect the hotel industry, a parliamentary panel has noted asking the Union tourism ministry to take up the issue with finance ministry for seeking relief for the tourism sector.

The standing committee on tourism headed by TMC MP Kunwar Deep Singh in its report, submitted in Parliament on Tuesday, said India already has a higher hotel tariff due to multiple tax regime both at the state and the Centre.

There are various indirect taxes applicable to tourism industry such as service tax on room rents, restaurant services, banquet services, convention services, rent-a-cab services, dry cleaning services, health club/beauty parlour services, internet services and money changing services.

Besides, VAT on sale of food and beverages in restaurants and banquet arrangements, state excise on alcoholic beverages is also imposed.

Apart from this, there are luxury taxes on room rentals, entertainment taxes on casinos, discos, video game parlours, state entry permit, road tolls. The direct taxes which are applicable to the sector are corporate tax, wealth tax, and taxes on immovable property.

The additional burden on hotel, restaurant and transportation will discourage the middle class tourists, both domestic and foreign from visiting tourist places, the report said.

The committee has expressed its disappointment to find the lack of concrete action plan to develop and integrate all important Buddhist centres in the country. It noted that the pace of work in development of Buddhist Circuits is very slow and it needs to be expedited in a big way.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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