For the purpose of exemption notification 25/2012-ST
Services by hotels etc we have to consider declared tariff value instead of actual rent charged I.e exemption available if declared tariff of a unit of accommodation is below Rs 1000 per day.....
Declared tariff value will not be adjusted with any discount and will include charges for all amenities by whatever name called . ...
Point 2B: services provided by operators of the common bio medical waste treatment facility to a clinical establishment by way of treatment or disposal of bio medical waste or the processes incidental thereto.
Conversion of capital asset into stock in trade attract tax liability sec 45 sub section 2 of income tax act
But conversion of stock in trade into capital asset is not liable to tax as per famous case law B.SHRIN BAI K KOOKA
