Key Topics Covered:

• AUDIT
• DEBIT EQUITY ADVISORY
• GST

Updates

• COMPANIES ACT, 2013

Objective of today’s session

—Overview on Hotel Industry

—Tax Structure under GST

—Indenting Controls

—Menu Rates

—Billing process

—Bill Audit

—Buffet Controls

—Physical Verification

—Licenses to be obtained to run bar & restaurant.

Key Topics Covered:

• DIRECT TAX
• GST

Current Scenario- Construction Approvals

The promoters has to apply to Municipal Corporation  town planning section  for plan approvals

Municipal Corporation  based on height and location ,will recommend to various committees like high rise committee  etc,

The committee after checking with the compliance of existing GO and law ,will give permission for construction the apartments/ villas /individual units etc with validity period.

Once the project is completed, owner has to apply for Occupation Certificate ,The committee also checks the compliance of the construction with  approved layout while sanctioning the occupations certificate

Occupations certificate confirms about the project is ready to move in and compliance with approvals and permissions obtained

The entire subject is state purview and even after RERA it will be under state purview. centre is not interfering in the above mechanism

There is no provision in the above mechanism to  protect the interest of the customers regarding the completion of the project, proper legal title, correctness of the areas, utilisation of the funds etc

The RERA is addressing the above concern more from the customer point of view , similarly in case customer are not paying as agreed it is providing the protection clauses to promoters also.