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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HOTELS
BUDGET HIGHLIGHTS & IMPACT
n New services brought under service tax net
Impact: Following new services have been included in the service tax net -
l Hotel accommodation in excess of declared tariff of Rs1000 per day will
be levied an effective service tax rate of 5%
l Service provided by air-conditioned restaurants that have license to serve
liquor will be levied an effective service tax of 3%.
We view the above mentioned measures as a minor negative for the hotel
sector
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HOTELS
BUDGET HIGHLIGHTS & IMPACT
n New services brought under service tax net
Impact: Following new services have been included in the service tax net -
l Hotel accommodation in excess of declared tariff of Rs1000 per day will
be levied an effective service tax rate of 5%
l Service provided by air-conditioned restaurants that have license to serve
liquor will be levied an effective service tax of 3%.
We view the above mentioned measures as a minor negative for the hotel
sector
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