CBIC Amends the Definition of Specified Premises to Link It With Actual Value of Supply of Hotels
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- By Chetan Kulasri
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- Last Updated on 19 January, 2025
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Notification No. 05/2025-Central Tax (Rate) dated 16th January, 2025
The CBIC has issued notification to amend the definition of specified premises (from the services rate and exemption notifications) to link it with actual value of supply of any unit of accommodation provided by the hotel and to make the rate of GST applicable on restaurant services in such hotels, for a given financial year, dependent upon the ‘value of supply’ of units of accommodation made in the preceding financial year.
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