Established in the year 2016, we are an emerging chartered accountancy firm based in Bengaluru rendering comprehensive professional services which include audit, management consultancy, tax consultancy, accounting services and secretarial services.

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Sunday, 23 July 2017

GST on Hotels and Restaurants

Hotels
Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes having room tariff per room per day:
Rs.1000 and above but less than Rs.2500 - 12% with full ITC.
Rs. 2500 and above but less than Rs. 7500 - 18% with full ITC.
Accommodation in hotels including 5 star and above rated hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes, where room rent is Rs.7500 and above per night per room - 28% with full ITC.
Bundled service by way of supply of food or any other article of human consumption or any drink, in a premises (including hotel, convention center, club, pandal, shamiana or any other place, specially arranged for organizing a function) together with renting of such premises - 18% with full ITC.
Restaurants
Supply of Food/drinks in restaurant not having facility of air-conditioning or central heating at any time during the year and not having licence to serve liquor. - 12% with full ITC
Supply of Food/drinks in restaurant having facility of air-conditioning or central heating at any time during the year - 18% with full ITC
Supply of Food/drinks in restaurant having licence to serve liquor - 18% with full ITC
Supply of Food/drinks in air-conditioned restaurant in 5-star or above rated Hotel - 18% with full ITC
For further queries do reach us at info@preethamandco.com. For hassle free GST Registration Click Here

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