The move to levy 12% GST on small hotels and accommodation facilities will deal a heavy blow to India’s budget hotel industry, which saw annual revenues nosedive by 70% in 2020 due to COVID-19, says GlobalData. Goods and Services Tax (GST) Council in its latest decision has levied a 12% tax on small hotels and accommodation facilities charging room rent up to INR 1,000 ($12.5) per day effective from 18 July 2022. Anjali Singh, Consumer Analyst at GlobalData, a leading data and analytics company, says- “Intensive national vaccination program and the subsequent easing of COVID-19 restrictions boosted consumer confidence and the hotel industry recovered in 2021. This positive consumer sentiment carried over into 2022, with 51% of Indian respondents in GlobalData’s Q2 2022 survey...
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