<h1>Government cuts GST: hotels under Rs7,500 to 5% (no ITC), buses 10+ seats to 18%, select art goods to 5%</h1> The government announced GST rate reductions: hotels priced below Rs.7,500/day from 12% to 5% (without input tax credit), buses with seating capacity of 10+ persons from 28% to 18%, and specified art and cultural goods from 12% to 5%. Legally, the measures revise tax slabs and input credit treatment, affecting compliance, invoicing and sectoral cash flows, and may require notifications, tariff amendments and administrative guidance for classification and implementation. Expected policy effects include increased affordability for travel, lowered fleet and ticket costs, and direct tax relief for artisans, with attendant fiscal and enforcement implications for revenue authorities.