WebJun 29, 2024 · It approved a proposal to impose a 12 percent tax on hotel rooms costing below Rs 1,000 per day. So far, only hotels above the threshold were charged 12 percent … WebDec 20, 2024 · (Where room tariff is less than Rs 7,500) – GST Rate is 5% W/O ITC Restaurants within hotels* (Where room tariff is more than or equal to Rs 7,500) – GST Rate is 18% with ITC Normal/composite outdoor catering within hotels* (Where room tariff is more than or equal to Rs 7,500) – GST Rate is 18% with ITC Name Email Website
Pay only 18% GST even on five-star hotel ... - Financialexpress
WebJul 17, 2024 · The GST Council has recommended to withdraw the said exemption and apply 12 percent GST rate thereon. With this rate amendment, effectively all hotels having declared tariff of Rs 7,500 or below will be liable to GST at the rate of 12 percent. That said, levy of GST on low-cost hotels will make the holidaying more expensive for common man." WebDec 8, 2024 · Hotels and lodges with a tariff below Rs 1,000 a day were exempted from GST, while those with a room rate of Rs 1,000-2,500 were taxed at 12%, those with a tariff of Rs 2,500-7,500 will attract 18% tax and those above Rs 7,500 will be taxed at 28%. Earlier, threshold for the 28% slab was at room tariffs of Rs 5,000, but later revised to Rs ... ptc endwell ny
GST on Hotels - A Complete Guide with FAQs - TaxAdda
WebSep 20, 2024 · The GST Council on Friday cut tax rate on hotel room tariffs, a move aimed at giving a boost to the hospitality sector. The GST (goods and services tax) rate on hotel rooms with tariffs of up to Rs 7,500 per night has been cut to 12 per cent from the existing 18 per cent. Similarly, the tax on room tariff of above Rs 7,500 has been slashed to 18 per … WebTax on Room Tariff (exceeding Rs. 1,000) Service tax: 15% (with an abatement of 40%, the effective rate was 9%) VAT: 12 to 14.5%. Luxury tax: 4 to 12% depending on the state. … WebApr 2, 2024 · When hiring hotel rooms, or guest houses, you will be charged 12% GST where the whole amount of ITC (Input Tax Credit) can be claimed. In addition, the same GST rate … ptc earn money