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GST rejig big relief for hospitality industry: Hoteliers body

Press Trust of India  |  Kolkata 

The Hotel and Restaurant Association of Eastern (HRAEI) today said the Council's decision to cut rate for restaurants to 5 per cent without input credit comes as a big relief for the industry.

The has also decided that restaurants in starred-hotels will charge 18 per cent with input tax credit

"We are very happy with new slab announcement for restaurants. Our proposals were considered with due importance and this announcement is a big relief for the hospitality sector," HRAEI President Sudesh Poddar said in a release.

In the biggest rejig yet, tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products, wigs and wrist watches, were yesterday slashed to provide relief to consumers and businesses amid economic slowdown.

The decision was taken at the GST council's 23rd meeting at Guwahati.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 11 2017. 19:22 IST