India has always been a tourist’s paradise for its varied landforms, historical places and culture. Now the Government of India has taken it to another level by reducing the GST on hotels accommodation services. The Ministry of Tourism of India hopes to attract more and more people to India with this new tax cut on room tariffs.
The Indian Convention Promotion Bureau also is known as the ICPB has taken a new initiative announcing that they will take better care to promote the recent tax cut on the room tariffs in India. This department is known to work closely with the Ministry of Tourism.
It was on September 20th this year that the Ministry of Tourism took a considerable step to lure tourists. According to the new taxation rules on hotels and accommodation services, the GST rates for rooms of 7,500 INR has been reduced to 18 per cent from 28 per cent.
The GST rates on hotel rooms having room tariff of up to 7,500 INR has been slashed to 12 per cent from 18 per cent. There will be no GST rates applicable on hotel rooms of tariff less than 1,000 INR.
The officials of the Ministry of Tourism is having their hopes on this new rate cut. They trust that this will boost the industry to a much bigger extent. This is excellent news for tourists who look for extra luxurious accommodation without paying an extra penny.
ICPB has already sent out circulation regarding the rate cuts. They are currently working on a plan that can convey this message to a broader mass of people.
Most of the travel-related agencies have started to work on this revised tax to display it. Five Star Hotel managers to look forward on an uprising in hotel stays. This rate cut is hoped to benefit tourists and the tourism industry as well.