Applauds Government’s move to reduce GST from 28% in 5-star hotels to 18%
The Federation of Hotels & Restaurants Association of India (FHRAI), India’s apex body for Hotels & Restaurants welcomed the move by Government to reduce the GST percentage on Restaurants to 18%, from its earlier rate of 28% in Star-hotels, thereby bringing it at par with stand-alone restaurants.
This has come in the aftermath after presentation put forward by FHRAI, for the Government to relook at the present proposal as they had advocated a uniform Hospitality GST at 12% across the country.
Commenting on the development Mr. K. Syama Raju, President FHRAI- said, “We are pleased to inform the good news to all our hotel and restaurant members that the representations given by FHRAI to the Honorable Prime Minister, Finance Minister, Members of the GST Council and other senior government officials have been favorably addressed. “
The slab of Rs.5000/- on which earlier there was a GST tax of 28% has now been enhanced to Rs.7500/-. Now 28% GST will apply on Rs.7500/- and above. “It is expected that this measure will benefit a majority of our hotel members. FHRAI will continue tirelessly to espouse the cause of its members in future and will aim at securing lowest GST for all our hotel members.” further reinstated Mr. Raju.
FHRAI is the third Largest Hotel & Restaurant Association in the World and its delegation was led by Mr. K. Syama Raju, President along with Mr. Garish Oberoi, Vice President, Mr. Dilip Datwani, Vice President, Mr. T.S. Walia, Vice President, Mr. Surendra Kumar Jaiswal, Jt. Hony. Secretary, Mr. T. Nataraajan, Executive Committee Member and Mr. Amitabh Devendra, Secretary General met Senior Finance Officials of the Government of India, who were gracious enough to meet the delegation on 31st May, 2017.
“Federation of Hotels & Restaurant Association of India” (FHRAI) is the apex body of the Indian hospitality industry representing hotels, restaurants and associates, spanning the length and breadth of our vast country. Founded in 1955 by the legendary hotelier Rai Bahadur M.S. Oberoi, the organisation has diligently built on its glorious legacy and is today recognised as the pre-eminent national voice of our industry and is also proud to have played a seminal role in shaping the growth trajectory of India's vibrant tourism sector. FHRAI enjoys the distinction of the being the third largest Hotel & Restaurant Industry Association in the world.” For further details please visit www.fhrai.com.