India’s GST Council last Friday announced a GST rate cut on hotel rooms, bringing a much-welcomed relief to industry stakeholders who have long voiced their concerns of the impacts of high GST rates on the competitiveness of the country’s tourism and hospitality sectors. With the new mov...
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FM Trashed Audit Reconciliation GSTR 9C Form in Budget 2021 Tourism Ministry Denies Any Plan for Reducing GST Rate on Hotel RoomsFollow Us on Google News Latest Posts Delhi HC: Quashing of GST SCN on One Issue Doesn’t Invalidate Other Tax Issues Central Govt Receives 60,000+ Public Inputs...
Different GST Rates on Hotel stay. The highest tax rate of 28 per cent is assigned to tariffs ofRs.7,500 and above. The GST rate of 18 per cent will apply on hotel rooms with tariff ranging between Rs. 2,500 and Rs. 7,500. Those charging from Rs. 1,000 to Rs. 2,500 will be...
TTG Asia |Basketball fever to rise in Singapore with new NBA collaboration HomeTagsGST Indian hoteliers laud GST revision, but grievances linger India's Goods & Service Tax (GST) Council has decided to levy tax on transaction value of hotel rooms instead of published rates, bringing some... ...
There is no intention of the tourism industry to seek help for the reduction in the goods and service tax towards the hotel rooms to 12%, stated by the Union Tourism Minister. The minister knew from the tax imposed on several tourism products as well as
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Under GST, the Central (CGST) and state government (SGST) share the authority to levy and collect taxes on goods and services. In the case of Inter-state transactions, Integrated GST (IGST) is applicable. Essential Features of GST Multiple Tax Levels: India’s GST system has multiple tax ...
On the contrary, the fitment committee is willing to accept the proposal for GST reduction in the hotel industry. The committee favoured 18% GST rates on rooms costing up to Rs. 12,000. Earlier 18% GST was only for rooms which cost up to Rs. 7,500. ...