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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

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Reliance Nippon Life Asset Management Q3 net down by 14 80 pc

Reliance Nippon Life Asset Management Q3 net down by 14 80 pc

22 Jan 2019 | 6:08 PM

Mumbai, Jan 22 (UNI) Reliance Nippon Life Asset Management has reported a of 14.80 per cent in its net profit for the quarter ended December 31, 2018 at Rs 109.74 crore as against Rs 128.81 crore for the period ended December 31, 2017.

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Asian Paints Ltd Q3 consolidated net rises by 14 09 pc

Asian Paints Ltd Q3 consolidated net rises by 14 09 pc

22 Jan 2019 | 6:06 PM

Mumbai, Jan 22 (UNI) Paint Major, Asian Paints has reported a rise of 14.09 percent in its net profit for the quarter ended December 31, 2018 at Rs.647.15 crores as against Rs.567.21 crores for the period ended December 31, 2017.

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Rupee down by 16 paise against USD

Rupee down by 16 paise against USD

22 Jan 2019 | 6:05 PM

Mumbai, Jan 22 (UNI) The Rupee remained weak for the third straight session on Tuesday as it tumbled down by 16 paise to 71.43 against the US Dollar on brisk demand for US Dollars by bankers and importers, dealers at Forex Market said.

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Havells India Q3 net profit rises by 0 67 pc to Rs 195 67 cr

Havells India Q3 net profit rises by 0 67 pc to Rs 195 67 cr

22 Jan 2019 | 6:04 PM

Mumbai, Jan 22(UNI) Havells India has reported a marginal increase of 0.67 per cent in its net profit for the quarter ended December 31, 2018 at Rs 195.67 crores as against Rs.194.36 crore for the period ended December 31, 2017.

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Honda motorcycle conducts road safety for kids

Honda motorcycle conducts road safety for kids

22 Jan 2019 | 6:03 PM

Kolkata, Jan 22 (UNI) Solidifying the culture of safe riding in the country, Honda Motorcycle and Scooter India Pvt. Ltd. conducted the National Road Safety Awareness campaign for kids in Kolkata.

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