India's economic growth is projected to slow to about 6.5 per cent in fiscal year 2027. Higher costs, global tensions and a potentially wea...

New uniform guidelines for estimating district domestic product have been released by the statistics ministry, aiming for standardized indi...

Retail market investors are presented with a choice. Act now, when the uncertainty quotient is high. Or, wait for things to settle down. In...

India Tourism Sector and Iran War: Prime Minister Modi's call to curb foreign travel for a year aims to boost domestic tourism, conserve fo...

IDFC FIRST Bank's FIRST EARN and Hello Cashback credit cards offer straightforward cashback on daily transactions, maximizing savings witho...

Frequent travelers can enhance their journeys with the right credit cards. Cards like Federal Bank Scapia and Ixigo AU offer lounge access ...

Rakesh Vyas of Quest Investment Managers sees market volatility as a buying chance. He favors smallcap stocks benefiting from government st...

The Ministry of Statistics and Programme Implementation has proposed creating an Index of Services Production (ISP) for the formal sector u...

A joint report by EY and FICCI suggests lowering the GST on luxury hotel rooms to 9%. This move aims to make India a more competitive touri...

Regular shoppers can significantly boost savings with the right credit card, earning cashback, reward points, and discounts on various plat...

Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...

India's hotel sector is set for robust growth, with operators planning over 70,000 new rooms by 2030. Driven by strong domestic travel and ...

Ritesh Agarwal, the founder of OYO Hotels & Homes, anticipates that the 12% GST on hotel rooms costing less than Rs 1,000 should be elimina...

GST council, in its meeting in June 2022, withdrew various GST-related tax-exemption. One of the tax-exemption of no GST on hotel rooms up ...

The GST rate for room tariffs of Rs 7,500 and above was reduced to 18% from 28%, while those between Rs 1,000 and Rs 7,500 would have to pa...

"The government is sensitive to the needs of the industry," a government official said.

Tax experts reckon the government should provide clarity and should consider the invoice value for calculating the GST rate in hotels.