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HOTEL ROOM 7500
Tata Group-owned IHCL to invest Rs 6,000-7,500 crore in capex over five years: ChandrasekaranIndian Hotels Company Limited (IHCL) is set to invest between Rs 6,000 crore and Rs 7,500 crore in capital expenditure over the next five y...- One Atmosphere to invest Rs 500 crore for the expansion of luxury service apartments verticalONE Atmosphere is investing Rs 500 crore to expand its luxury service apartments, aiming for 7500 keys in India and abroad over five years....
- Net leasing of office spaces in NCR down 60 pc in Jan-Mar to 1.5 mn sq ft: JLLDelhi-NCR's office market experienced a subdued first quarter with net leasing falling 60% to 1.5 million sq ft, primarily due to reduced n...
- 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...
- Court grants hotel interim stay on GST for eatery servicesThe Bombay High Court has granted an interim stay on the 18% GST levied on restaurant services within hotels charging over ₹7,500 per day f...
- GST 2.0: Hotel chains keep room rates stableThe Centre has cut the GST rate on rooms costing up to Rs 7,500 per night to 5% (without input tax credit) with effect from Monday, from 12...
- Hotel stays for rooms with tariff till Rs 7,500 to cheaper by up to Rs 525 from MondayEffective Monday, hotel rooms costing Rs 7,500 or less will see a price reduction of up to Rs 525 due to revised GST rates. The reduction f...
- 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 room rent above Rs 7,500/day fall under 18 pc GST: CBICHotels charging room rent above Rs 7,500 a day will be considered 'specified premises' from April 1, 2025. Restaurant services in such prem...
- FHRAI urges govt to delink food and beverage GST rates from room tariffsThe Federation of Hotel & Restaurant Associations of India (FHRAI) urges the government to separate GST on F&B services from hotel accommod...
- 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.
- Industry insiders expect better occupancies in coming quarter after GST tax cutThe GST Council had on Friday slashed room rates for hotels with tariffs of Rs 7500 and above to 18% from 28% besides rejigging the tax sla...
- Hotel stocks in limelight; zoom up to 20 per cent on GST rate cutThere will be no GST on rooms with tariffs below Rs 1,000 per night.
- Hotel stocks rally up to 13% on GST rate cutThere will be no GST on room tariffs of below Rs 1,000 per night.
- 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.
- GST Council accepts ‘transaction value’ to tax hotel tariffUnder the previous regime one had to pay GST at the rate of 28% if the declared tariff of the room was more than Rs 7,500 even if he had pa...
- Tax on actual tariffs to enhance yields and occupancies post GST relief: Hotel companiesThe decision is a big relief particularly for premium hotels because for so long they were forced to charge 28% GST even when they used to ...
- ‘Declared tariff’ for GST foxes hotelsTax experts reckon the government should provide clarity and should consider the invoice value for calculating the GST rate in hotels.
- 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...
- 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%.
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