Budget 2019 expectations: Hospitality Industry demands tax relief from Modi-Jaitley to bring star hotels in middle class' range
Industry insiders demand that the GST rates for room tariff higher than Rs 7,500 should be lowered from 28 per cent to 12 per cent while on room tariff below Rs 7,500 it should be around 8 per cent.
When star rated hotels would come into the reach of middle class, the footfall would go northward drastically. In fact, the government of India would be able to gain more revenue than what it is collecting in current circumstances. Photo source: PTI