FHRAI Seeks Restoration Of Input Tax Credit On Room Tariffs Up To Rs 7,500

Federation of Hotel & Restaurant Associations of India or FHRAI on Saturday demanded restoration of input tax credit on room tariffs of up to Rs 7,500 (Image Source: Canva) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Federation of Hotel & Restaurant Associations of India or FHRAI on Saturday demanded restoration of input tax credit on room tariffs of up to Rs 7,500.

The government has brought down the goods and services tax (GST) on such tariffs to 5% from 12%. However, before the GST cut, there was a provision for availing input tax credit (ITC), which has now been removed.

Addressing a press conference here, FHRAI's newly elected President Surendra Kumar Jaiswal highlighted that 90% of India's hotels operate with room tariffs below Rs 7,500, and are now subject to