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Jun 20, 2017
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MNC hotels stay upbeat despite GST
As per a report in The Economic Times, global hotel chains like Hilton, Hyatt Hotels and Resorts, and Carlson Rezidor said they are committed to their future investments and development plans in the country despite luxury hotels being taxed at 28% under the goods and services tax (GST) regime. According to some industry estimates, GST rate of 28% on hotel rooms with tariffs of INR 7,500 and above will make luxury hotels in the country the most taxed in the world, surpassing hotels in New York, London and Paris, without add-on levies such as municipal tax, service charge, etc. Yet top international hotel chains remain upbeat on India.
Source -
http://www.hospitalitybizindia.com
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