GST impact: Hotel rates set to come down

There is good news for those bit by the travel bug who prefer staying at mid-market to luxury hotels. After the GST+ Council on Sunday, tweaked the tax incidence on hotel tariffs , room rates at such hotels are set to come down. The GST Council led by Union Finance Minister Arun Jaitley in its 17th meeting, in a relief to the hotel industry, increased the threshold for the 28 per cent tax bracket…