New Delhi, Sep 22
The revamped GST rates, implemented from Monday, will make the country’s tourism sector more affordable, enhance public transport use, and support artisans and cultural industries, the government said.
Early this month, the GST Council reduced the GST on hotels (less than Rs 7,500/day) -- from 12 per cent to 5 per cent (without ITC). GST on buses with a seating capacity of over 10 persons was brought down to 18 per cent from 28 per cent. Similarly, the GST on art and cultural goods was also reduced from 12 per cent to 5 per cent.
“The reductions will strengthen the domestic tourism ecosystem, promote cultural heritage, and encourage investment in related sectors,” an official statement said.