Hyderabad, June 28th: The government has recently brought down the rate of Value Added Tax (VAT) from 7.5 percent to 4 percent. But several hotels and restaurants still charge customers at the old rate of 7.5 percent. The Non-compliance is more in middle segment restaurants and those attached to bars. Several hoteliers are fleecing customers with high rate of taxation.
According to the revised VAT Act, there are only two tax rates. Hotels with three star rating and above which have a turnover of more than Rs 1.5 crore per year are allowed to levy 12.5 percent VAT. All other hotels, restaurants and clubs must levy only 4 percent VAT. Some hotel managements are still collecting 7.5 percent tax ignoring about the tax rate coming down to 4 percent. “Collecting additional amount of tax from customers, and not remitting it to the government is a severe crime”, said official and additional director in Vigilance and Enforcement, Mr. T. Vivek.
Hyderabad, June 28th: A newly married couple ended their lives by injecting poison. The incident took place on Sunday at Jalagam Vengala Rao Park in Banjara Hills. The park security found the bodies lying unconsciously in a corner of the park and gave information to the police. Police reached the ...
Rajahmundry, June 28th: The AP Fire and Emergency Services will soon have 68 new fire stations in the state. Depending upon the need each district will be allocated with three to four stations. In additional, the department will construct new building to suit the changing needs and acquire vehicles...
Vijayawada, June 28th: Government has decided to taken up the recruitment of 1,000 lecturers in the state very soon. The minister for higher education, Mr. D. Sridhar Babu revealed this to media on Sunday. He was here to unveil a bronze statue of Raja Rangaiah Apparao, the founder of SRR College an...
Kakinada, June 27th: The East Godavari district administration will implement the concept of village malls in urban areas in the form of mini super bazaars. The village malls are developed in rural areas to cater to the needs of locals including farming community. Except the PDS (Public Distributio...
Kakinada, June 27th: A one day workshop on ‘Engineering Teaching Methodologies’ was organized at Jawaharlal Nehru Technological University (JNTU-K) on Saturday. Delivering the keynote at the inauguration function, Vice Chancellor, Prof Mr. Allam Apparao stressed the need for the overall...
Hyderabad, June 29th: The results of District Selection Committee (DSC-2008) conducted by the government to fill 52,665 vacant teachers posts are going to be released today. The ministry for secondary education, Mr. D. Manikya Vara Prasada Rao will release the results today evening. The exams for t...
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