GST turns one
In July last year, the Goods and Services Tax (GST) came into effect and the took the travel and hospitality industry by storm. With multiple slabs and a plethora of confusions for both inbound and outbound business, it was way beyond the ‘One nation One tax’ ideology for the industry. All the associations, be they IATO, ADTOI, FHRAI, TAAI or OTOAI, arranged special sessions for their members to understand and clarify issues related to GST and ways to adopt it in the best possible manner in their business, especially with different taxes in different states. The hospitality industry saw the taxes going up till 28 per cent for hotels charging above Rs 7500 per room night, which according to industry experts has made the Indian travel product much expensive than those of our neighbouring countries, especially Sri Lanka and Thailand. While it could be still grappling with the situation and trying hard with the government to address their woes.