The Indian hotel industry is preparing to comply with the new GST taxation law set forth by the Government of India. To streamline your billing and reservation processes, your hotel must be GST-ready.
According to the Government of India, GST is a single tax on the supply of goods and services right from the manufacturer to the consumer. GST proposes to create a single comprehensive tax structure for the whole nation that will subsume all the other smaller indirect taxes on consumption like service tax, luxury tax, vat, and so on.Free Sign Up
Hospitality industry encompasses accommodation, food and beverages and various other POS options. As a hotelier, you must manage this change effectively, so that the implementation of GST in your system has minimal impact on daily operations. Your hotel will fall under one of the four tax categories mentioned below:
|Room Tariff (INR)||GST Applicable|
|Less than 1000||0%|
|1000 - 2499||12%|
|2500 - 7499||18%|
|More than 7500||28%|
|GST||Goods and Service Tax|
|SGST||State Goods and Service Tax|
|CGST||Central Goods and Service Tax|
|GSTIN||Goods and Service Tax Identification Number|
|HSN||Harmonized System of Nomenclature|
Your hotel is categorized as an immovable property, and the GST components of interest would be CGST and SGSTGet a Free Trial
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