https://www.taxtmi.com/news?id=54581 The GST Council approved a two-tier rate structure effective September 22; industry bodies welcome the rationalisation as easing business, lowering consumer and agricultural tax burdens, and improving trade resilience. Tourism stakeholders flagged that reductions in hotel tax rates are offset by curtailed input tax credit availability, with restaurants in hotels reportedly required to collect tax at the lower rate without ITC-creating differential benefits for large hotels that previously collected higher rates while claiming full ITC. en-us Thu, 04 Sep 2025 14:31:03 +0530 Thu, 04 Sep 2025 14:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54581 The GST Council approved a two-tier rate structure effective September 22; industry bodies welcome the rationalisation as easing business, lowering consumer and agricultural tax burdens, and improving trade resilience. Tourism stakeholders flagged that reductions in hotel tax rates are offset by curtailed input tax credit availability, with restaurants in hotels reportedly required to collect tax at the lower rate without ITC-creating differential benefits for large hotels that previously collected higher rates while claiming full ITC. News - Thu, 04 Sep 2025 14:31:03 +0530 https://www.taxtmi.com/news?id=54581