NEWS

 

HRANI and FHRAI welcomes the GST Council’s Decision to Cut Tax Rate For Restaurants To 5 Percent.

 Hotel & Restaurant Association of Northern India (HRANI)  and its parent body FHRAI representing the concerns of Hotel & Restaurant Industry welcomes the GST Council’s decision to cut tax rate for restaurants to 5 percent (without input tax credit).
A delegation from the industry led by  Mr Garish Oberoi, President FHRAI had earlier met with the GST Council at Guwahati and requested the Government to either bring down the GST rate on Restaurants to 12% with input credit or at 5% without input credit.
“We are extremely thankful to the Government for making these much required changes in the GST regime. This will help restaurants across India to rationalise tariffs" said Mr Oberoi.
"12 percent GST with Input Tax Credit across board has been always been asked and represented by HRANI through various representations to State and Central Government including GST council and we welcome the move of the Government, of reduction for Restaurants" said Mr. Sanjay Sood, President, HRANI
Mr. Surendra Kumar Jaiswal, Hony Secretary, FHRAI & HRANI welcomed the move of the Government to reduce GST on AC Restaurants from 18% percent to 5%. He stated that it looks a win-win for consumers and will make eating out and take away, more affordable. He further said that “We also urge the government that keeping in view the taxation of neighbouring countries One Nation One Tax on Hotels should be implemented to make India a competitive tourism destination”
The delegation had also asked the committee to look at seven key issues for both the Hotel & Restaurant industry, namely:

1.       IGST be made available for immovable properties for tourism accommodation such as for hotels, cruises, campsites & for restaurant.
2.       Transaction value & not Declared Tariff should be the basis for rate categorisation of hotels
3.       Lowering the GST on Hotels @ 12%
4.       Treat foreign exchange earnings in tourism services as exports or deemed exports
5.       Hotels & Resorts should be allowed to unbundle their package rates
6.       GST should not be charged on complimentary meals     
7.       Rationalisation of GST on Restaurants at 12% (with input tax credit) from 18% or 5% (without input credit)

 
   

 

 

© Copyright Hotel & Restaurant Association of Northern India (HRANI)
Any unauthorized duplication of this site is strictly prohibited and liable to prosecution

Designed & Developed by SOFT SOLUTIONS