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Not so long ago, the government of India passed the Goods & Service Tax (GST) bill in order to discard the complete indirect taxation regime in the country, and accept the ‘One Nation, One Tax’ notion.
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.
Being one of the very few companies to offer integrated hospitality solutions, eZee tends to keep in pace with regional and economical updates and reforms. Not only the economy, the GST is said to bring about a considerable need for technology in hospitality industry.
Keeping into consideration all GST requirements, eZee Absolute cloud PMS is now a GST compliant software, for all segments of hotels. Accommodating all the needs, this GST Ready online hotel management software will help you calculate and levy accurate taxes on guests, and analyze your pricing strategies and operate accordingly.
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 most of the goods and services will fall under 12 and 18 percent tax rate.
News is, that, 18% tax will be levied on the hospitality sector, effective from July, 2017.
Besides the fundamental benefit of improved economy, the GST will bring along a positive change in the hospitality as well as food & beverage industry.