Sunday, August 19 2018

July 22, 2018

Hotel industry has been given major GST tax relief

New Delhi-Hotel industry has been given major relief by providing that the rate of tax on accommodation service shall be based on transaction value instead of declared tariff.Services provided in sectors




like banking, IT have been provided relief by exempting services supplied by an establishment of a person in India to any establishment of that person outside India [related party].As a green initiative, GST on supply of e-books has been reduced from 18 to 5%.