Micetalk

Satyajit Kotwal

-

General Manager The Resort Madh Marve

Post GST roll out, the major impact that emerged was that MICE activities and other events held in hotels outside of home state were not eligible for Input Tax Credit (ITC). This has been leading to cancellati­ons and postponeme­nts for pre booked events. There is an overall reduction in MICE bookings across hotels in India as compared to the same period last year. Most companies are considerin­g holding events in the same state where they are registered under GST. The non-receipt of ITC for business undertakin­gs holding MICE in states other than the ones they operate in is the biggest drawback of GST for hospitalit­y.

 ??  ??

Newspapers in English

Newspapers from India