News

Nakul Anand on GST rationalisation for the Hotel industry

The GST Council, on Friday, agreed to lower tax rates imposed on the hotel industry during its meeting. Led by Finance Minister Nirmala Sitharaman, the council decided to tax hotels on rates varying from 18 to zero percent, depending on their tariffs. With this, the hotel industry has been removed from the 28 percent tax slab — the highest under the GST regime so far. Today’s Traveller asked Nakul Anand, Chairman – FAITH and Executive Director, ITC, about his views on the move. 

Anand said, “The news on GST rationalisation comes as a big shot in the arm for the Tourism industry. All ten member bodies of FAITH have worked tirelessly towards this endeavour and on behalf of FAITH, we would like to thank the Government for making this happen. This adds great spurt and momentum to the Hospitality industry and creates a positive sentiment that ensures more vigour and strength to Destination India.”

Related posts

Beyond Green - launched on April 14 2021 as a Preferred Group entity

Committed to building a better and brighter future for people and the planet, Beyond Green was officially launched on April 14, 2021

Amol More appointed new Hotel Manager at Courtyard by Marriott Nashik

Courtyard by Marriott Nashik has appointed Amol More as Hotel Manager

Amit Mishra appointed new General Manager at The Fern Denzong Hotel & Spa, Gangtok

Amit Mishra brings over 15 years of hospitality experience as a General Manager to the 70 rooms relaunched hotel, The Fern Denzong Hotel & Spa, Gangtok. He has…

Ajay Singh appointed Operations Manager at The Fern Kesarval Hotel & Spa, Verna Plateau Goa

Ajay Singh has joined as the Operations Manager in The Fern Kesarval Hotel and Spa, Verna Plateau- Goa. He is an alumnus of ‘IHM Mumbai-2002’…

Chef Inder Dev appointed new Director Food and Beverage at Signum Hotels

Signum Hotels, a fast-growing hotel management company, announced the appointment of Chef Inder Dev as Director of Food & Beverage. A hotel…

Khushboo Sharma appointed new Human Resource Manager at Courtyard by Marriott Ahmedabad effective April 1, 2021

Khushboo Sharma has been appointed as Human Resource Manager at Courtyard by Marriott Ahmedabad w.e.f. April 1, 2021. In her new role…

WICCI nominates ISH for significant Research project on Gender Inequity in India’s Hospitality Industry

WICCI (Women’s Indian Chamber of Commerce and Industry) nominates the Indian School of Hospitality (ISH) as the Chief Research Body for the development of their research…

Swati Arora appointed new Director of Sales at Hyatt Place Gurgaon Udyog Vihar

Hyatt Place Gurgaon has appointed Swati Arora as the Director of Sales Swati Arora has over 10 years of experience in the…

Neil James appointed new General Manager at Courtyard by Marriott, Vadodara

Neil James has been appointed as General Manager of Courtyard by Marriott, Vadodara – owned by NewCrestImage, USA; and managed by NOMA…

Chinmaya Chikkamath appointed new Director of Operations at Courtyard by Marriott Pune Hinjewadi

Chinmaya Chikkamath has been appointed as the Director of Operations at The Courtyard by Marriott Pune Hinjewadi. He brings with him over…