Wednesday, Sep 26 2018 | Time 01:27 Hrs(IST)
image
  • PM May says not in Britain's national interest to hold poll
  • Maldives to restore ties with India: Nasheed
  • Comedian Bill Cosby sentenced to three to ten years state prison for sexual assault
Business Economy Share

FHRAI delegation demands uniform GST at 12pc for Hospitality Industry

FHRAI delegation demands uniform GST at 12pc for Hospitality Industry

New Delhi, Jun 1 (UNI) A delegation of The Federation of Hotels Restaurants Association of India (FHRAI), India’s apex body for Hotels & Restaurants, presented a representation to Union Finance Ministry officials on Wednesday, demanding uniform GST rates for Hospitality Industry. Highlighting that the proposal of 28 per cent GST slab will adversely impact the hospitality and tourism industry, the delegation requested the Government to relook at the present proposal and advocated a uniform Hospitality GST at 12 per cent across the country. The delegation further requested the Government to relook at the Luxury Tax limit of Rs. 5000/- and enhance it suitably as is followed in most of the countries. The World-over since, Rs. 5,000/- (USD 75) cannot be considered Luxury today. The service tax proposal under the new GST regime has been set at 28 per cent for Hotel tariffs above Rs. 5,000. “Federation of Hotels & Restaurant Association of India” (FHRAI) is the apex body of the Indian hospitality industry representing hotels, restaurants and associates, spanning the length and breadth of our vast country. UNI ADP SHK 2005

More News

Jaitley launches Financial Inclusion Index

25 Sep 2018 | 11:08 PM

New Delhi, Sep 24 (UNI) Union Finance Minister Arun Jaitley on Tuesday introduced the Financial Inclusion Index (FII) which will be a measure of access and usage of a basket of formal financial products and services.

 Sharesee more..

Portal launched to give MSME loans upto Rs 1 cr within 59 minutes

25 Sep 2018 | 11:05 PM

New Delhi, Sep 25 (UNI) Union Finance Minister Arun Jaitley on Tuesday launched a transformative initiative in micro, small and medium enterprises (MSME) credit space in which they can take loans up to Rs 1 crore within 59 minutes only.

 Sharesee more..

Microgen may start a factory for its appliances provided it finds good response for its high efficient biomass

25 Sep 2018 | 8:13 PM

Kolkata, Sep 25 (UNI) Holland's Microgen Engine Corporation may start a factory for its appliances in
India in the next two years, if Globe Solutions finds good response for its high efficient biomass mCHP
which runs on free Piston Stirling Engine developed by Microgen.

 Sharesee more..

SpiceJet announces two direct daily flights from Amritsar to Bangkok & Goa

25 Sep 2018 | 7:51 PM

Chandigarh, Sep 25 (UNI) A private aviation company SpiceJet on Tuesday announced to launch its two new daily flights from Amritsar to Bangkok and Goa commencing on November 6, 2018.

 Sharesee more..

Singh & Associates law firm bags ‘Best Use of Knowledge Management Award’

25 Sep 2018 | 7:24 PM

New Delhi, Sep 25 (UNI) Singh & Associates, one of India's leading full-service law firms has been awarded the ‘Best Use of Knowledge Management of the Year’ at the recently held 14th Indo-US Economic Summit which was inaugurated by Commerce and Industry Minister Suresh Prabhu.

 Sharesee more..
image