GST Reform to drive growth in India's hospitality sector

Mumbai, Sept. 6 -- The Goods and Services Tax (GST) Council has approved a reduction in tax rates for hotel rooms priced up to Rs 7,500 per night.

The new rate of five percent without input tax credit is expected to benefit budget and mid-market travellers, making domestic travel more accessible and affordable.

Reacting to this, Dr Shefali Joshi, Dean of the School of Hospitality Management at NMIMS University, highlighted the significance of this move for the hospitality sector.

"The recent reform in the Goods and Services Tax (GST) brings a significant opportunity for India's hospitality sector. As someone closely involved in hospitality education and industry trends, I see this change as a positive step that will benefit both business...