Gst Rate For Homestay at Homestay

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Gst Rate For Homestay. The goods and service tax (gst) on textiles has been raised from 5% to 12%. Gst rate of hotel is 28% and restaurant is 18%.

Kannur Homestay Close to Beach
Kannur Homestay Close to Beach from www.dharmaendeavours.com

Breakfast / lunch and dinner can be available at local eateries located nearby. 1,001 inr — 7,500 inr: If you fall into the 18% bracket, you are allowed to use the input tax credit for all of the goods you purchase to use in your restaurant.

Kannur Homestay Close to Beach

Hotel restaurant’s gst tax rate also affects whether or not you can claim the input tax credit. There are 250 homestay service providers in the west. Gst @ 28% [itc credit allowed] The tax rate of raw materials is higher as compared to the finished goods, due to which the textile industry is not able.