The Indian GST Council has announced a reduction in the GST rate on hotel accommodation.
Up until now, the below rates were in existence:
- GST rate for room tariffs under INR 7,500 was 18%
- GST rate for room tariffs over INR 7,500 was 28%
As of October 1st 2019, these rates have been changed:
- GST rate for room tariffs under INR 1,000 is 0%
- GST rate for room tariffs between INR 1,000 and INR 7,500 is now 12%
- GST rate for room tariffs over INR 7,500 is now 18%
It is hoped that this reduction in rates will lead to a boost in tourism.
Source Taxback
