CA Sakchi Jain Instagram – Save 10% in your expenses!!
Day 4 of our series on Money and Matrimony!š
Yes, if you book a venue and decoration with the same vendor, the tax authority might not see it as a natural bundle. This could mean the entire amount is taxed at 18%, adding an extra Rs 52,000 to your billāover 10% of your ā¹5,00,000 budget!
GST on catering is typically 5%.
For hotels having a room tariff greater than Rs 7500 per night, the rate would be 18% for catering services if part of the venue.
Understanding these details can save you a lot when planning your wedding. Always check how your services are bundled to avoid unexpected costs.
Have more questions about wedding finances? Drop them in the comments below!
Follow @ca.sakchijain for more tips on making your big day both beautiful and budget-friendly! š
Source : Economic Times-Save on GST up to 13% of wedding cost by planning wisely
[CA Sakchi Jain, wedding tax implications, bundled wedding services, mixed supply taxation, composite supply, GST, wedding finance tips, wedding budget hacks, tax deductions weddings, financial planning weddings, marriage finances, wedding cost management, wedding expenses, tax saving tips, financial advice couples, money and matrimony]
#casakchijain #weddingtaxes #bundledweddingservices #mixedsupply #compositesupply #GST #moneyandmatrimony | Posted on 14/Jul/2024 18:33:44
