Moneycontrol
Jun 19, 2017 06:10 PM IST | Source: CNBC-TV18

Business hotels to have good gains out of revised GST rate: Royal Orchid's Amit Jaiswal

The GST council which met on Sunday for the 17th time, tweaked the tax rates for hotels. So now GST rate for hotel rooms with tariff between Rs 2500 to Rs 7500 has been fixed at 18 percent. While rooms with tariff of over Rs 7500 will attract a tax rate of 28 percent. Watch what hoteliers have to say on the decision.

The GST council which met on Sunday for the 17th time, relaxed the deadline for filing GST returns till September. The council also approved five sets of rules but deferred a decision on the e-way bill rule. Apart from that the council finalised two rates for lottery and tweaked the tax rates for hotels. So now GST rate for hotel rooms with tariff between Rs 2500 to Rs 7500 has been fixed at 18 percent. While rooms with tariff of over Rs 7500 will attract a tax rate of 28 percent.

Watch what hoteliers have to say on the decision.

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