Tag: Input tax credit hotels

Photo Courtesy: chandrikahotel The 25th GST Council meeting held in Delhi has decided to allow Input Tax Credit (ITC) of input services in the same line of business at the GST rate of 5 per cent in case of tour operator services and that of the small housekeeping service providers, notified under section 9 (5) of GST Act, who provide such services through ECO. The council has also decided to reduce GST rate on services by way of admission to theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet, from 28 per cent to 18 per cent. IT has ... Read more