The tourism industry is rebounding and experiencing significant growth following the COVID-19 pandemic. India's domestic and outbound travel has surged, showcasing the nation's burgeoning economic prowess and a heightened passion for travel and discovery. The travel and tourism industry is calling on the government to implement a consistent 12 per cent GST rate on hotels in the forthcoming 2024-2025 Budget in order to stimulate both domestic and inbound tourism.
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Travel And Tourism Industry Urges Govt For Uniform 12 Per Cent GST Rate For Hotels
The current variations in GST rates based on hotel room tariffs create significant price discrepancies, causing confusion and imposing additional compliance burdens