GST turns one

TravTalk - India - - TRAV TALK -

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.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.