Service Tax Rate On Room Service

The service tax on rent of immovable property is payable at 14.
Service tax rate on room service. A specific rate of tax of rm25 is imposed upon issuance of principal or supplementary card and every subsequent year or part thereof. For room rent the billing can be done in following 2 ways. The rate of service tax was 15 whereas the rate of gst is 18. For other cost items such as preferred location charges plc floor rise charges frc initial maintenance charges and club houses meanwhile.
Some time we also provide 2 bhk. The service tax rate is fixed at 6. During the 2015 budget the finance minister had incremented the service tax rate from 12 36 to 14 which had been applicable from june 1 2015. If the total charge for your accommodation per person per night including food drinks and service charges is 15 000 or less a 5 tax is imposed.
Service tax has been replaced by the goods and services tax gst starting 1 july 2017. The service tax rate has been increased to 14 with effect from 1 st june 2015. Gst rate for room rate 1000 to 2500 is 12. What is the threshold limit for service tax on renting of immovable property.
When the total charge exceeds 15 000 an 8 tax is levied. A lot of people are of the opinion that the effective cost of having a loan would increase as the rate of gst is 3 higher than the rate of service tax. This now brings the effective service tax on residential property to 4 5 per cent. Does gst would be applicable for it.
In the service apartments like 2 bhk apartment we provide at rate 1500 per day which 750 per room. Say rate of luxury tax is 10 vat is 14 50 and service tax rate is 14. Levying service charges is entirely at sole discretion of the restaurant and they are free to levy any amount of services charges normally range between 5 to 10. Then the total billing will be as below.
The threshold limit rs. The recommended amount was at the rate of 0 5 which put the effective service tax rate at 15.