This document compares the taxes under the old and new tax systems for renting a banquet hall or space. It shows the hall rent amount, GST at 15% or 8%, and withholding tax amount for each slab. The withholding tax is 20,000 for rent amounts up to 3,48,000 but is 5% of the billing amount for rents over 3,48,000 under the new tax rules.

1. Description Old Tax New Tax
S/N Pax Menu Amount GST 15% + WHT=Total GST 8% + WHT= Total
1
Hall Rent
20,000 3,000 + 20,000 = 23,000 1,600 + 20,000 = 21,600
2 50,000 7,500 + 20,000 = 27,500 4,000 + 20,000 = 24,500
3 100,000 15,000 + 20,000 = 35,000 8,000 + 20,000 = 28,000
4 100 1300 1,30,000 19,500 + 20,000 = 39,500 10,400 + 20,000 = 30,400
5 200 1300 2,60,000 39,000 + 20,000 = 59,000 20,800 + 20,000 = 40,800
6 300 1300 3,90,000 58,500 + 22,425 = 80,925 31,200 + 21060 = 52,260
7 400 1300 5,20,000 78,000 + 29,900 =1,07,900 41,600 + 28,080 = 69,680
8 500 1300 6,50,000 97,500 + 37,375 = 1,34,875 52,000 + 35,100 = 87,100
Banquet Halls Tax Slab
WH Tax Rule: (I) If Billing amount is less than 3,48,000 then straight 20,000 WHT will be applicable.
(ii) If Billing amount is more then 3,48,000 then 5% WH tax will be applied.