Not so long ago, the government of India passed the Goods & Service Tax (GST) bill in order to discard the complete indirect taxation regime in the country, and accept the ‘One Nation, One Tax’ notion.
What is GST?
GST is a comprehensive single indirect tax reform on the supply and consumption of goods and services which will wipe away the tax-over-tax occurrences and give way to a better and stronger economy.
How will eZee FrontDesk help you?
The on-premise PMS eZee FrontDesk will smoothly carry out all your hotel operations in line with GST reforms:
Accurate GST Payable Calculation
Tax Structure Creation Made Simpler
Easily Generate Multiple Returns To Be Filed with GSTN
Integration with GST Suvidha Providers (GSP) For Report Submission
Reduction of Manual Errors in Automatic Tax Calculation
Facility of e-Payment as per Applicable GST Rates
Precise Reports for ITC and GST Amounts
GST-compliant Invoices and Receipts
In a nutshell, GST ready hotel software eZee FrontDesk will not only help you streamline your day-to-day operations, but also adapt your hotel with GST rules and policies.
Sign up for eZee FrontDesk today, and adapt your hotel to GST norms.
Get a free trialWhat will the impact of GST be on Indian hospitality industry?
India is going to follow a dual-GST model and implement a 4-tier tax structure of 5, 12, 18 and 28 percent, among which the GST on hospitality industry will be levied based on a hotel’s tariff and annual turnover.
Take a look at how hotels in India will be charged as below mentioned reforms:
| Tariff Range | GST Rate |
|---|---|
| < INR 1000 | No tax |
| INR 1000 - INR 2499 | 12% |
| INR 2500 - INR 7499 | 18% |
| > INR 7500 | 28% |
Whereas, Banquet operations will be imposed a GST of 18%. The introduction of GST is set to bring about a positive impact on the Indian economy, giving way to higher profits, lesser taxes and easier administration of businesses.
How hoteliers can handle GST and its returns
Watch the webinar recording here
