Specified Premises

[CABayyaReddy DK]

Sir/Madam, Revised definition of ‘specified premises’ are to come into force with effect from 01st April, 2025. When can I file a declaration to opt-in to operate as a ‘specified premises for the FY 2025-26?

My client is having restaurant and accommodation under specified premises and was understood by me that it would automatically falls under specified premises and no need to file declaration as per FAQ Sl No 7.

But while reading the FAQ No 22, it is asking to submit the declaration. Can I now submit declaration in a mid of financial year? Please advise. As it is manual declaration, what if officer not accepts the declaration?

AI Summary

Specified premises declaration requirement: failure to file within prescribed window may forfeit specified premises status and invite tax demands.
To qualify as a specified premises for FY 2025-26 under Notification No. 08/2025, registered persons providing accommodation or restaurant services must file Annexure VII manually with the jurisdictional proper officer and obtain acknowledgement within the specified window; failure to file within that period precludes specified premises treatment, voluntary payment at the concessional rate does not cure non-compliance, and relief may only follow by administrative condonation or appellate remedies if denied.