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GST Impact on Hotel Tariffs in India by prasadzinjurde is a document available to read on EtoBox.

What is GST Impact on Hotel Tariffs in India about?

1) Hotels with room tariffs over Rs. 5,000 will be taxed at 28% under the new GST regime, while hotels between Rs. 2,500-5,000 will be taxed at 18% and those between Rs. 1,000-2,500 at 12%. 2) Experts say the high 28% tax on luxury hotels will deter investment and expansion plans for hotel owners and hardest hit will be investments in leisure markets. 3) The real benefit is for small budget hotels with tariffs below Rs. 1,000 which have been exempted from taxes under the new GST regime.

Author

prasadzinjurde

Language

EN