GOOD NEWS FOR HOTELIERS AS GST RATES HAS BEEN SLASHED DOWN

GOOD NEWS FOR HOTELIERS AS GST RATES HAS BEEN SLASHED DOWN

Nirmala Sitharaman has announced new GST amendment which turn into a great relief for hoteliers and the travellers.

On 20 September 2019, the event was held in fern kadamba hotel and spa Panjim Goa, honorable finance minister Nirmala sitharaman has announced new amendment which has turned to great relief for the hotels are as well as travellers. 

Hotel which is selling the rooms on the tariff of INR.1000 below will attract no GST. The hotels were selling the rooms and the tariff of of INR.7500 and below with attract 12% GST instead of 18%. The hotel was selling rooms under INR.7500 and above will attract 18% GST instead of 28%. Outdoor catering will now charge 5% GST instead of 18% with input tax credit facility. Caffeinated beverages will attract 20% GST instead of 40%.

Highlights

Services	Tariff	Gst rates
Room tariff	Less than Rs..1000	No gst charges
Room tariff	Between Rs..1001 to Rs..7500	12%
Room tariff	Above Rs..7501	18%
Catering services within the premises	Daily tariff rate of Rs..7501	18% with ITC and 5% without ITC
Catering services other than the premises	Daily tariff rate of Rs..7501	18% with ITC

This great moves will now really affect the hotel years and the travellers both as the net payable cost

 of hotel come down.

We welcome and appreciate the finance ministry of India and our honorable finance minister for new GST amendment.