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CA Bimal Jain

Mar 23 • 5 tweets • 4 min read

GST relief for hotels, and restaurants soon? Govt to change GST structure?

Know Here ⬇⬇

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#GST #GSTITC #GSTcredit #Restaurant #Hotel #GSTwithBimalJain #a2ztaxcorpllp

Sources says:

➡️ Hotel and restaurant industry may soon get relief on GST
➡️ Finance Ministry is considering their demand to change current GST structure
➡️ GST on Hotels/Restaurants may be increased to 12% from 5% with ITC benefit

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Source says:

➡️ Alert: At present Hotels/Restaurants attracts 5% GST without input tax credit
➡️ Finance Ministry has sent the proposal to the fitment committee of the GST council

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Source says:

➡️ GST council may discuss the proposal in the next GST council meeting
➡️ The industry has been asking for input tax credit citing increased input cost

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Source says:

➡️ The industry has asked the Finance Ministry to provide relief due to location-based differences
➡️ However, hotels/restaurants with room tariff above Rs 7,500 attract 18% #GST with ITC

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#GSTITC #GSTcredit #Restaurant #Hotel #GSTwithBimalJain #a2ztaxcorpllp

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The learned counsel appearing for the Petitioner relied on the judgment of M/s. Durga Raman Patnaik v. Additional Commissioner of GST [W.P.(C) No.7728 of 2022 dated August 4, 2022],

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