Eye Share : Bumpy Ride of GST for Hospitality Sector

GST, touted to be the biggest tax reform of independent India, has proved to be a mixed bag for the Hospitality industry. Notification No. 46/2017-Central Tax (Rate) issued pursuant to GST Council’s 23rd meeting, stipulating that stand-alone restaurants & restaurants located within hotel premises, inns, guest houses etc. having declared tariff of any unit of accommodation not more than INR 7500 per night, shall charge GST @ 5% without ITC, has created a lot of confusion...