Cheaper to check-in: 5% GST for hotel rooms under Rs 7,500
MUMBAI: Guests of budget and mid-market hotels will benefit the most from the government’s decision to reduce GST on rooms costing up to Rs 7,500. The GST has been lowered from 12% with input tax credit (ITC) claims to 5% without ITC. The new rate will be effective from September 22. The 12% GST threshold…