Asian Hotels Limited vs Service Tax - Delhi on 16 September, 2019
A. Monthly as its sales and marketing fee an amount equal to three
percent (3.0%) of the gross room revenue of the Hotel, and
B. Quarterly, as its management service fee, seven percent (7.0%)
of the Gross Operating Profit of the Hotel, as defined in Article V.
C. In the event in any fiscal year, Hyatt's combined annual Sales
and marketing fees and Management Service fee (―Combined
Fees‖), per Subsections (A) and (B) above, shall exceed ten
percent (10.0%) of the total annual foreign exchange earnings of
the Hotel for such fiscal year, then Hyatt's Combined Fees shall
be reduced by the difference between the Combined Fees and ten
percent (10.0%) of the total annual foreign exchange earnings
for such fiscal year.