Tag: locked input credit hotels

Web Desk The Goods and Services Tax (GST) Council, in its 24th meeting on January 18, is likely to make changes in the GST Law to facilitate the release of locked input tax credit in tourism and hotel industry. The council is meeting to hold discussions over Narendra Modi’s mission for having a digital-based economy, with a focus on incentivisation of digital payment of taxes under the GST regime. The industry bodies have been mentioning that the lack of input tax credit (ITC) under the GST has impacted the Meetings, Incentives, Conferences and Exhibitions (MICE) segment with cancellations and postponement ... Read more