For room rent the billing can be done in following 2 ways.
Service tax rate on room service.
What is the service tax applicable on rent of immovable property.
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.
What is the threshold limit for service tax on renting of immovable property.
A specific rate of tax of rm25 is imposed upon issuance of principal or supplementary card and every subsequent year or part thereof.
Say rate of luxury tax is 10 vat is 14 50 and service tax rate is 14.
Some time we also provide 2 bhk.
The service tax rate is fixed at 6.
The following taxable services are subject to the service.
Gst rate for room rate 1000 to 2500 is 12.
Then the total billing will be as below.
The rate of service tax was 15 whereas the rate of gst is 18.
Certain doubts have been raised in regard to abatement on value of services provided in relation to serving of food or beverages by a restaurant eating joint or a mess having the facility of air conditioning or central air heating in any part of the establishment at any time during the year.
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.
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.
In the service apartments like 2 bhk apartment we provide at rate 1500 per day which 750 per room.
When the total charge exceeds 15 000 an 8 tax is levied.
For other cost items such as preferred location charges plc floor rise charges frc initial maintenance charges and club houses meanwhile.
The service tax rate has been increased to 14 with effect from 1 st june 2015.
Does gst would be applicable for it.
Service tax has been replaced by the goods and services tax gst starting 1 july 2017.
This now brings the effective service tax on residential property to 4 5 per cent.
The service tax on rent of immovable property is payable at 14.