Hotel savings due to GST rule change
So everyone if you were earlier staying a hotel which had rack or list price room tarriff of INR 10000 and you go the room for 5000, you still were being charged GST at 28%.
With the recent changes made last week, now the GST charged for that scenario will be 18%. So now if actual room rate over 7500 per night tax rate is 28% but if less than it than rate will be 18%.
Good move.... more
With the recent changes made last week, now the GST charged for that scenario will be 18%. So now if actual room rate over 7500 per night tax rate is 28% but if less than it than rate will be 18%.
Good move.... more
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Yes, good move subject passing on the tax reduction to the consumers in real sense but our general experience in the event of tax reduction on different products and services tells a different story. Hence, it will be too early to be happy. more
Jul 31
RATE OF GST – Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes:- 1. Declared Room Tariff upto Rs. 999/- : GST @ NIL [Remark – No ITC Credit] 2. Declared Room Tariff from Rs. 1000/- up to Rs. 2499/- : GST @ 12% [ITC Credit allowed] 3. Declared Room Tariff from Rs. 2500/- up to Rs. 7499/- : GST @ 18% [ITC Credit allowed] 4. Declared Room Tariff from Rs. 7500/- and above : GST @ 28% [ITC Credit allowed] Suggest a lower Tax structure and have a strict vigil over the Tax collection . 500 to Rs.999 Tax 5% Tax 1,000 – Rs.2499 Tax 7.5 % Tax The above 2 categories will have a coverage of 55% 2,500 - Rs 4,999 Tax 12.5 “ 5,000 - Rs.7,499 Tax 15 % --- 7,500 and above Tax 18% --- THE 28% TAX SHOLD BE ABOLISHED . more
Jul 31
Hi Nice representation and response to enjoy.. tks G.Prakash On Sun, Jul 29, 2018 at 4:25 PM, Anu Kaur wrote: > more
Jul 30
Many people still cant afford 18% and some small hotels are losing their business because other hotels in 5 star category are competing with them with this new facility. Recently I stayed in a 5 star hotel in New Delhi where tariff charged to me for dbl occupancy with Breakfast was Rs 5000 per night. Its a fare deal but still very unfair for other Hotels. Big fish is eating the small fish. more
Jul 30
