Goods & Service Tax is a new form of tax reform introduced recently with an aim to replace multiple taxes levied by the central and state governments. The term has been a nervous as well as favourable for different sectors of business. Eventhough there has been a lot of uncertainty just after initial start of the strategy, the confusion has come to a low dip among the people after a few days of its implementation.
One of the sectors where the structure has well affected the business is hospitality. Rooms at Guruvayur having a tariff rate of less than Rs 1000 will fortunately reflects 0% GST, while the range of room prices from Rs 1000 to Rs 2499 will attract 12%. INR 2500 – 7499 Guruvayoor room reservation rates will have to be paid with 18% tax and finally a levy of more than Rs 7500 will have a GST of 28%.
In comparison to the previously existed scenario, the room tariff of Rs 5000 had to be paid with 20% tax compared to 18% now. So the current condition is flowing in such a way that same amount will be levied on rooms having Rs 6000 before GST and Rs 5900 after GST. Rooms priced at Rs 7500 including taxes was made available to the customers amounting to Rs 9000 prior GST and Rs 9600 post the scheme.
Before the scheme was implemented all over India, hoteliers had a quite different form of manual strategy included in pricing the services, but with the realization of the reform, they have to change the tax rates as mentioned by the government across all the distribution channels. Free GST Billing Software is being provided to Guruvayoor lodgings to make the transition a trouble free one for the business. To avail the services visit http://www.atees.in/pos-softwares.php
GST on restaurants in Guruvayoor has been revised following that which was of a great relief to the segment of luxury hotels in Guruvayur. Earlier, 5 star and 3 star hotels in Guruvayur were scheduled to impose a tax rate of 28 % by the council, but with continual opposition from hospitality sector, the government has dropped down the levy to 18% resulting in more flow of customers.
Are you a hotelier who haven’t implemented GST in your hotel management software? Do you want to make your business a GST friendly one? Free ready-to-use Online GST billing software for every businesses are available in. http://www.atees.in/pos-softwares.php