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Restaurant Services in Hotels with Room Rent Above ₹7,500/day to Attract 18% GST from April 1, 2025: CBIC Clarification

Restaurant Services in Hotels with Room

Restaurant Services in Hotels with Room Restaurant Services in Hotels with Room The Central Board of Indirect Taxes and Customs (CBIC) has issued a significant clarification on the GST rate applicable to restaurant services provided within hotels. Starting April 1, 2025, restaurants operating within hotels that charge room rent above ₹7,500 per day will be … Read more

Categories GST

Frequently Asked Questions on Restaurant Service supplied at Specified Premises

 Restaurant Service supplied at Specified Premises

 Restaurant Service supplied at Specified Premises Sr No Question Answer 1 What do you mean by ‘specified premises’? Restaurant Service supplied at Specified Premises W.e.f. 01.04.2025, the definition of specified premises shall be as under: Restaurant Service supplied at Specified Premises “Specified premises”, for a financial year, means,- (a) a premises from where the supplier … Read more

Categories GST

TDS Rate Chart For Financial Year 25-26 Assessment Year-26-27

TDS Rate Chart For Financial Year 25-26 Assessment Year-26-27

TDS Rate Chart For Financial Year 25-26 Assessment Year-26-27 Sec Nature of Payment Deductor Deductee TDS Rate Threshold Limit Remarks 192 Salary Employer Employee Slab Rate As per income slab Based on tax regime chosen by employee 192A Premature EPF Withdrawal Any Person Employee 10% ₹50,000 No TDS if service ≥ 5 years 193 Interest … Read more

Categories TDS

New Income Tax Rules for FY 2025-26: Know All Rates, Slabs, Deductions, and More

New Income Tax Rules

New Income Tax Rules for FY 2025-26: Know All Rates, Slabs, Deductions,and More New Income Tax Rules With the beginning of the new financial year on April 1, 2025, several changes in income tax rules have come into effect. Budget 2025 introduced revised tax slabs, new deductions, updated TDS limits, and various exemptions aimed at … Read more

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