https://www.taxtmi.com/article/detailed?id=13282 GST rate for restaurant services in hotels will be determined by the actual value of supply of accommodation units in the preceding financial year: if any unit exceeded the prescribed value threshold in the preceding year, restaurant services in the subsequent year will attract the higher GST rate with input tax credit, otherwise they will be taxed at the lower rate without input tax credit; hotels may elect before the financial year or on registration to apply the higher rate with input tax credit for that year. en-us Thu, 02 Jan 2025 13:55:34 +0530 Thu, 02 Jan 2025 13:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13282 GST rate for restaurant services in hotels will be determined by the actual value of supply of accommodation units in the preceding financial year: if any unit exceeded the prescribed value threshold in the preceding year, restaurant services in the subsequent year will attract the higher GST rate with input tax credit, otherwise they will be taxed at the lower rate without input tax credit; hotels may elect before the financial year or on registration to apply the higher rate with input tax credit for that year. Articles Goods and Services Tax - GST Thu, 02 Jan 2025 13:55:34 +0530 https://www.taxtmi.com/article/detailed?id=13282