T3 site is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Log in Register

Login to your account

Don't have an account yet? Register now!
Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *

FHRAI welcomes lowering of tax rate for restaurants

The Federation of Hotels & Restaurants association of India (FHRAI) welcomes the  GST Council’s decision to cut tax rate for restaurants to 5 percent (without input tax credit).

A delegation from the industry led by  Garish Oberoi, President FHRAI including Sudesh Poddar, President Hotels & Restaurants Association of Eastern India (HRAEI) and Pranav Singh, Secretary, HRAEI, had earlier met  with the GST Council at Guwahati and requested the Government to either bring down the GST rate on restaurants to 12 per cent with input credit  or at 5 per cent without input credit.

 “We are extremely thankful to the Government for making these much required changes in the GST regime. This will help restaurants across India rationalise tariffs,” Oberoi said. He had asked the committee to look at seven key issues for both the Hotel & Restaurant industry, namely : IGST be made available for immovable properties for tourism accommodation such as for hotels, cruises, campsites & for restaurant; transaction value & not Declared Tariff should be the basis for rate categorisation of hotels; Lowering the GST on Hotels @ 12 per cent; treat foreign exchange earnings in tourism services as exports or deemed exports; hotels & resorts should be allowed to unbundle their package rates; GST should not be charged complimentary meals and rationalisation of GST on Restaurants at 12 per cent (with input tax credit) from 18 per cent or 5 per cent (without input credit)

Login to post comments

 

.

Informa Markets Travel Portfolio

  • slider-logo1.png
  • slider-logo2.png
  • slider-logo4.png
  • slider-logo3.png

  1. Events
  2. Webinars

Fitur Madrid

From: 20 Jan 2021 To: 24 Jan 2021

ITB Berlin

From: 10 Mar 2021 To: 14 Mar 2021

SATTE 2021

From: 24 Mar 2021 To: 26 Mar 2021

ATM Dubai

From: 16 May 2021 To: 19 May 2021

Matka Helsinki

From: 19 May 2021 To: 23 May 2021
Webinar Archives
  1. Appointment