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July 2011

Circular No. 139/8/2011-TRU, dated 10-5-2011.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta
Chartered Accountants
Reading Time 1 mins
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The CBEC has made detailed clarifications relating to services provided by specified restaurants and by way of short-term hotel accommodations. The Board has made clarification on the vital issues related to relevance of declared tariff, inclusion and exclusion of some of the costs from the declared tariff, off-season tariff, taxability of more than one restaurant in the same complex belonging to the same entity, exclusion of VAT and luxury tax from the taxable value, etc.

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