https://www.taxtmi.com/news?id=21995 The GST Council reduced tax on hotel room tariffs; the state expects increased tourism will compensate potential revenue loss. The state has faced a substantial GST collection shortfall that the Centre has been compensating, and that central compensation will continue for a limited period. The state intends to consult the Union government thereafter to adopt appropriate fiscal measures, relying on tourism as the principal revenue source to mitigate the impact of the tariff reduction. en-us Wed, 25 Sep 2019 10:44:23 +0530 Wed, 25 Sep 2019 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21995 The GST Council reduced tax on hotel room tariffs; the state expects increased tourism will compensate potential revenue loss. The state has faced a substantial GST collection shortfall that the Centre has been compensating, and that central compensation will continue for a limited period. The state intends to consult the Union government thereafter to adopt appropriate fiscal measures, relying on tourism as the principal revenue source to mitigate the impact of the tariff reduction. News - Wed, 25 Sep 2019 10:44:23 +0530 https://www.taxtmi.com/news?id=21995