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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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India loses 4pc of GDP to malnutrition: ASSOCHAM-EY

India loses 4pc of GDP to malnutrition: ASSOCHAM-EY

21 Jan 2018 | 1:47 PM

New Delhi, Jan 21 (UNI) As Finance Minister Arun Jaitley is busy giving final touches to the Union Budget for 2018-19, an ASSOCHAM-EY joint paper has said that nearly four per cent of India’s GDP is estimated to have been lost due to malnutrition and certainly women and children deserve a better deal in expenditure outlay, since the country hosts 50 per cent of under-nourished children of the world and women and girl children fall last in the household food serving.

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‘Halwa Ceremony’ of Budget which makes 120 FinMin officials captive for 11 days

‘Halwa Ceremony’ of Budget which makes 120 FinMin officials captive for 11 days

21 Jan 2018 | 1:43 PM

New Delhi, Jan 21 (UNI) The 'Halwa Ceremony' is the event which indicates the start of the printing of the Budget documents to be presented in Parliament every year.

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Leeza Lifestyle launches 2 premium brands

20 Jan 2018 | 8:58 PM

New Delhi, Jan 20 (UNI) Pursuing the concept of “Make in India” policy of Prime Minister Narendra Modi and the NDA government at the Centre, Leeza Lifestyle Private Limited Company (LLPL), licensee organisation of KKCL - India’s largest branded apparel manufacturer- has launched their premium collection in India.

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IndiGo commences Colombo operations

20 Jan 2018 | 7:51 PM

New Delhi, Jan 20 (UNI) In its endeavour to strengthen its growing network, IndiGo, India’s largest and fastest growing carrier on Saturday commenced its operations in Colombo, Sri Lanka.

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ONGC acquires 51.11pc of Govt stake in HPCL

ONGC acquires 51.11pc of Govt stake in HPCL

20 Jan 2018 | 7:11 PM

New Delhi, Jan 20 (UNI) Oil and Natural Gas Corporation Ltd (ONGC), the largest producer of crude oil and natural gas in India, has acquired the President's shareholding of 51 point 11 per cent in Hindustan Petroleum Corporation Limited (HPCL) in furtherance of the budget announcement by the Government of India for creating an ‘oil major’ which will be able to match the performance of international and domestic private sector oil and gas companies.

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