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Finance Minister Nirmala Sitharaman emphasized on Tuesday that financial matters of the country and states should remain ...
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Under the revised framework, “specified premises” refer to hotels or properties where the per-night room rate exceeded ₹7,500 in the previous financial year.
In 55th GST Council, the government has proposed to amend the definition of Specified premise. By this notification the government has substituted clause (xxxvi) which is related to Specified Premises ...
From April 1, hotels charging over Rs 7,500 per day will be 'specified premises' and restaurant services within will attract ...
This would replace the concept of 'declared tariff' which included charges for ... Restaurant services inside such hotel units would automatically attract 18 per cent GST, with input tax credit (ITC).
The bill reduces the number of chapters from 52 to 23 and pages from 823 to 622, eliminating redundant and obsolete provisions. This structural simplification makes the tax code more accessible and ...
Hotels charging room rent above Rs 7,500 a day will be considered 'specified premises' from April 1, 2025. Restaurant ...