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GST is a comprehensive single indirect tax reform on the supply and consumption of goods and services which will eliminate all the current indirect taxes and give way to a better and stronger economy.
The online PMS system will help you perform the following functions effortlessly:
On account of newly introduced GST norms, eZee Absolute cloud PMS will let you transform your hotel into a GST ready business, regardless of your segment. All in all, eZee Absolute GST compliant PMS will help your hotel be GST ready in no time.
India is going to follow a dual-GST model and implement a 4-tier tax structure of 5, 12, 18 and 28 percent, among which the GST on hospitality industry will be levied based on a hotel’s tariff and annual turnover.
Take a look at how hotels in India will be charged as below mentioned reforms:
|Tariff Range||GST Rate|
|< INR 1000||No tax|
|INR 1000 - INR 2499||12%|
|INR 2500 - INR 7499||18%|
|> INR 7500||28%|
Whereas, Banquet operations will be imposed a GST of 18%. The competitive tax structure will bring around a positive impact on the Indian economy, eradicating the multiple tax-over-tax structures set up in the country.