Millennium Post

GST Council hikes tax on caffeinated beverages, cuts rates on hotel tariffs

GST Council hikes tax on caffeinated beverages, cuts rates on hotel tariffs

Panaji: The all-powerful GST Council on Friday more than doubled the tax on caffeinated beverages to 40 per cent and slashed the rate on hotel room tariffs.

Briefing reporters after a meeting of the panel, Finance Minister Nirmala Sitharaman said the GST on caffeinated beverages has been hiked to 28 per cent plus an additional cess of 12 per cent as against the current rate of 18 per cent.

For hotels, she announced nil tax for those with tariffs of up to Rs 1,000 per night. Hotels charging Rs 1,001 to Rs 7,500 per night room tariff would be levied with 12 per cent tax as against the existing 18 per cent.

Similarly, the tax on room tariff of above Rs 7,500 has been slashed to 18 per cent from the existing 28 per cent.

Agencies

Agencies

Our contributor helps bringing the latest updates to you


Share it
Top