Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: due date for vat payment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARD :: TDS :: form 3cd :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
Service Tax »
  Finance Ministry asks taxmen to submit note on high-pitched assessments
 Step by Step Guide for GST Enrolment for existing Central Excise / Service Tax Assessees
  Smart things to know about income tax refunds
 Further clarification to Circular No. 1/2017 - GST dated 21st July, 2017.
 GST Return Filing: How to handle discounts and additional cost
 GST base looks set to be at least 25% wider than earlier tax regime
 Businesses struggle with multiple tax rates, returns
 Common use items exempt from e-way bill provision under GST
 Goods And Services Tax Sends Taxes Racing
 How GST lesson can unleash untapped potential of education sector in India
 Services sector PMI falls most in 4 years on GST

Service tax hike an additional burden, says Indian travel and hospitality industry
June, 17th 2015

Now consumers would have to pay more for various services starting June 1, 2015. In the Union Budget, finance minister Arun Jaitley had proposed to increase the service tax from 12.36 per cent to 14 per cent. This service tax hike, applicable from June 1 onwards, hasn’t been well received by the Indian hospitality and travel industry.

According to them, the hike will adversely impact the end consumers’ frequency of dining out, the number of outbound tourists to India, among others. Speaking on this, Subhash Verma, immediate past president, Association of Domestic Tour Operators of India (ADTOI) stated, “This isn’t a welcome step. The travel industry is already burdened with multiple taxes and steps should have been taken to smoothen the process. The government shouldn’t have hiked the service tax before the proposed implementation of the Goods and Services Tax (GST) Bill from April 1 next year.” Reiterating the same, Sampat Damani, chairman, Western Region – Travel Agents Association of India (TAAI) opined, “Travel and related activities will become expensive. Though corporate travel will not be impacted, the hike will impact leisure and FIT travellers. However, we hope the government has good intention since the GST is expected to be implemented next year.”

Regarding the hike’s impact on the hospitality industry, Bharat Malkani, president, Hotel and Restaurant Association (Western India) mentioned, “Over the years dining out has reduced drastically and an additional tax burden will make it worse. The whole policy will force the industry to gravitate into the unorganised sector. Hotels will increase their room rates and the volume of tourism will also get impacted. We had previously requested the government to exempt the hospitality sector from paying service tax as it amounts to multiple taxation and we will continue to do so.” Giving another viewpoint, Kamlesh Barot, past president, Federation of Hotel & Restaurant Associations of India (FHRAI) and Hotel & Restaurant Association (Western India) opined, “We had been protesting against the service tax issue from the beginning. It is unconstitutional to charge twice on one commodity by the state and centre, that is the point of contention and not the 1.64 per cent hike in the service tax.”

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions