EY, FICCI urge govt to reduce GST rate to 9% on hotel rooms priced above Rs 7,500 per night - The Economic Times

EY India and FICCI, in a report, have urged the government to consider reducing the goods and services tax (GST) on hotel rooms priced above Rs 7,500 to 9%, while retaining the existing 5% slab for tariffs between Rs 1,000 and Rs 7,500. Currently, GST is levied at a 5% rate for hotel rooms costing less than Rs 7,500 per night and an 18% rate for rooms costing more than Rs 7,500 per night. The repo…