GST reforms take effect across the country today. With the substantial cut in GST rates on hotel rooms, staying at hotels has become significantly more affordable nationwide. This decision by the GST council brings great relief to travelers.
Now, hotel rooms with tariffs up to ₹7,500 will only incur a 5% GST, reduced from the previous 12%. This change is particularly beneficial for frequent travelers or those traveling for work, as it directly reduces their accommodation costs.
The new GST rules offer direct benefits to the travel and tourism sector as well. The reduction in GST infuses new energy into the travel and tourism industry, enabling people to plan budget-friendly trips with ease. Enjoy this new benefit by exploring India's beautiful tourism sites at a more economical rate. So, what are you waiting for? Pack your bags and embark on a fantastic journey.
Hotel industry experts believe this government decision will give a significant boost to domestic tourism. With cheaper hotels, more people will travel and venture out on holidays. This could increase hotel industry revenue by 7 to 10 percent. In essence, this government change could act as a booster dose for the tourism sector, attracting more tourists and inspiring more travel.
