SLuxury tax has been levied in year 2007 on hotels and banquet halls. The rate of tax applicable is 10 per cent on the hotels charging room rent of Rs 2,000 or more per day. The banquet halls and marriage palaces, which charge Rs 20,000 or more as rent per day, will be covered by the new tax.
Facilities like health club, swimming pool and conference hall in the hotels covered by the tax will also be taxable. Luxury tax on hotels is being levied in Tamil Nadu, Karnataka, Kerala, Rajasthan, New Delhi, UP, Himachal Pradesh, Andhra Pradesh and Maharastra.
Registration under the provisions of Luxury Tax
Filing of monthly statement under the provisions of Luxury Tax Act.
Deposit tax with the department by filling the requisite challan along with pay order or D/D and get the receipt of the same.
Attend assessment proceedings and get them finalize.
Attend & get audit Objection settled, if any raised by audit party.
Attend revisional proceedings, if any, initiated against the company after finalization of assessment proceedings.
Seek adjournment on behalf of the company w.r.t proceedings under the said Acts.
Attend and get the proceeding finalize if any, initiated by the department w.r.t. inspection of premises.
Make conversant with the various amendments effected in the provisions of the Acts and their aftermaths.
File annual return under the provisions of Luxury Tax.
Provide two legal opinions during the financial year as and when required by the company.