Impact of GST on Tourism Sector

By |2017-08-22T10:58:45-05:30June 19th, 2017|Categories: GST, GST Impact, GST Rate Change|

Introduction Total contribution by travel and tourism sector to India's GDP is expected to increase from US$ 136.3 billion in 2015 to US$ 275.2 billion in 2025. The growth rate of the tourism sector of Indian economy was recorded as 17.3%  in the previous year. The foreign exchange earned by tourism sector is worth 21,828 crore rupees. According [...]

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Impact of GST on Warehousing Sector

By |2017-08-22T11:13:22-05:30June 19th, 2017|Categories: GST Impact|

Warehousing Sector Logistics players under the Warehousing sector in India have been maintaining multiple warehouses across states to avoid CST Levy and State Entry Taxes. The location of warehouse is chosen to minimize the cost of delivery for both the Company and the Customer. Most of these warehouses are operating below their capacity and thus adding [...]

Tax rates under GST

By |2017-08-22T11:24:04-05:30June 19th, 2017|Categories: GST, GST Impact, GST Law, GST News, GST Rate Change, GST Return Filing, HSN codes|

It's only less than a month left until Goods and Service Tax (GST) sees the light of the day. India's biggest tax overhaul crossed its final hurdle last week when GST Council agreed tax rate for gold and silver jewellery at 3%. Here is a summary of the GST tax rate and their impact on Indian Consumers. List of [...]

Impact of GST on Hotel Industry

By |2017-08-22T12:07:02-05:30June 17th, 2017|Categories: GST Impact|

Introduction The domestic hotel industry is estimated to be around $1.8 billion. There was a huge increase in the hotel industry after the introduction of the system of online booking. India ranks 18th on the list of business travel and it will be in top 5 very soon according to The World Travel and Tourism Council. [...]

Impact of GST on Restaurant Sector

By |2017-08-22T12:12:04-05:30June 17th, 2017|Categories: GST, GST Impact, GST Law, GST News|

Introduction The Indian Restaurant industry is worth Rs. 75,000 crores and is developing at a yearly rate of 7%. The business is exceptionally divided with 1.5 million eating outlets. As per NRAI’s India Food Services Report 2013 the industry currently employs 4.6 million people directly which is projected to grow to 8 million by 2018 NRAI’s India Food Services [...]

Impact of GST on Textile Industry

By |2017-06-19T12:05:58-05:30June 16th, 2017|Categories: GST Impact|

Introduction Textile industry in India provides employment to a large number of skilled and unskilled workers. It contributes about 10% of the total annual export, and this value is likely to increase under GST. Most of SME’S choose Cotton value chain in the textile industry. It attracts zero central excise duty under optional route provided they don’t claim the [...]

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