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HOTEL GST RATE
NBFCs, autos, and multi-decadal themes gain traction as India eyes post–West Asia stability boost: Nitin RahejaMarket participants are recalibrating India portfolios towards financials, autos, and long-term structural themes like defence and digital ...- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 27%Retail market investors are presented with a choice. Act now, when the uncertainty quotient is high. Or, wait for things to settle down. In...
- Asset allocation: Buy smallcap banks, avoid largecap IT, bet on power, consumption: Rakesh VyasRakesh Vyas of Quest Investment Managers sees market volatility as a buying chance. He favors smallcap stocks benefiting from government st...
- EY, FICCI urge govt to reduce GST rate to 9% on hotel rooms priced above Rs 7,500 per nightA 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...
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- India’s hotel expansion gains pace, draws institutional capital into real estate foldIndia's hotel sector is set for robust growth, with operators planning over 70,000 new rooms by 2030. Driven by strong domestic travel and ...
- GST reforms to transform Indian hospitality into globally competitive force: HAIHotel Association of India welcomes the government's GST reforms. They believe it can boost India's tourism sector. HAI hopes for a 5% GST ...
- 18% GST instead of 5% to be charged on dining in a hotel if room rent per night is above this; know how much more it will cost?GST: From April 1, 2025 restaurants inside hotels will have to charge 18% GST from customers instead of 5% previously if the said restauran...
- Restaurant services in hotels with tariff over Rs 7,500 per day to attract 18 pc GST from AprilHotels with room tariffs over ₹7,500 per day will have their restaurants taxed at an 18% GST rate with input tax credit, according to new r...
- Holidays to become costlier from July 18 as all hotel rooms to be taxed under GSTGST 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 ...
- Booked hotel room? Expect 10% GST refund if room rate exceeds Rs 7,500The new rate will also be applicable to those who have already paid for bookings after October 1.
- GST Council hikes tax on caffeinated beverages, cuts rates on hotel tariffsSmall taxpayers get relief from filing returns for 2 yrs; no rate change for larger autos, biscuits.
- Centre to move GST council over "hefty" tax on hotel rooms"The government is sensitive to the needs of the industry," a government official said.
- No GST relief for 5-star luxury hotelsOn Tuesday, PM Narendra Modi had said that 99% of over 1,200 goods and services will attract 18%, or less, goods and services tax.
- Winter has luxury hotels in a sweatSince its implementation, the GST rates have caused confusion in the hotel industry with hotel associations opposing the 28% taxation on lu...
- New tax regime takes a toll on occupancy at high-end hotelsA levy of 28%, the highest rate under GST, is imposed on hotels with room tariff of Rs 7,500 or more. Those that charge less face GST at 12...
- FM Arun Jaitley rules out lowering GST rate for textiles sectorUnder the Goods and Services Tax regime yarn and fibres made from silk, wool, cotton or other vegetable fibres attract 5 per cent tax.
- Booking a hotel after GST rollout? Here's how much you will payAt present, hotels that charge tariffs in this range pay 21-22% tax. Hotel tariffs above Rs 7,500 would attract GST rate of 28%.
- GST blues: Millennials, get ready for a tougher life after July 1If you are a millennial, you may rejoice because millennials are all for reforms, etc. But the ground reality is that the GST is going to b...
- GST Rates: Hotels may observe a day in protestHotels and restaurants in Karnataka may observe a day's bandh likely on May 30 to protest the steep 12 per cent and 18 per cent GST rates f...
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