TaxTMI 
TaxTMI 
Clarification on service tax rate on air-conditioned or air-heated restaurants, post increase in rate of service tax
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....larification on service tax rate on air-conditioned or air-heated restaurants, post increase in rate of service tax <br>News and Press Release<br>Dated:- 9-6-2015<br><BR>At present, Service Tax is cha....
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....rgeable on services provided by restaurants, eating-joints or messes which have the facility of air-conditioning or central air-heating in any part of the establishment at any time during the year in ....
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....relation to serving of food or beverages. Restaurants, eating-joints or messes which do not have the facility of air-conditioning or central air-heating in any part of the establishment are exempt fro....
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....m service tax. In other words, only air-conditioned or air-heated restaurants are required to pay Service Tax. In respect of such air-conditioned or air-heated restaurants which are required to pay S....
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....ervice Tax, 60% of the value is to be deducted from the total amount charged while applying the rate of Service Tax and tax is to be calculated on the balance 40%. With the increase in the rate of Ser....
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....vice Tax to 14% (subsuming the Education Cesses) with effect from 1.6.2015, the effective rate of tax will be 5.6% of the total amount charged. Prior to 1.6.2015, when the rate of Service Tax was 12.3....
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....6% (including Education Cesses), the effective rate was 4.94%.<BR> News - Press release - PIB....