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of <h1>New Rules for Expenditure-Tax Collection in Hotels and Restaurants u/s 116 of Finance Act 1991.</h1> Section 116 of the Finance (No. 2) Act, 1991, amends the Expenditure-tax Act by replacing section 7 with new provisions effective October 1, 1991. The revised section mandates that expenditure-tax be collected on chargeable expenditures incurred in hotels and restaurants. The tax is to be collected by the business operator of the hotel or restaurant or by another person providing specified services. The collected tax must be paid to the Central Government by the 10th of the following month. Failure to collect the tax does not absolve the responsible party from paying it to the government.
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