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 Audit :: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: due date for vat payment :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT RATES :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines »
 Directions under section 119 of the Income-tax Act, 1961
 Securities excluded from GST ambit in revised Bill
 GST dilemma: Hope fades for new tax regime
 5nance.com launches tax investment platform
 Is government tapping your phone?
 Income tax department to use analytics to look for discrepancies in bank accounts
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful

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 2016 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