GST hikes tax on caffeinated beverages, Reduce rates on hotel tariffs

GST hikes tax on caffeinated beverages, Reduce rates on hotel tariffs

Meeting of the 37th Goods and Services Tax (GST) Council held in Goa on Friday recommended the slashing of rates on hotel tariffs while hiking the tariff on caffeinated beverages from 18% to 28%.
After a marathon meeting that lasted more than eight hours, Union finance minister Nirmala Sitharaman said that the council meeting was “long, but absolutely productive” and that “everyone was on board” with all the decisions that were taken.
Announcing the reduction in tariffs on hotel rates, the Union finance minister said that it was a “powerful presentation from the minister of the host state (Goa) that resulted in the council going beyond the rate reduction that was initially envisaged.”
The GST council agreed to reduce tax from 28% to 18% on hotel room tariffs of Rs 7,500 and above per night and from 18% to 12% on hotel room tariffs between 1001 to 7,500.
The reduction of hotel rates and their rationalisation was one of the primary demands of the hotel industry not just in Goa but across the country.

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