Impact of gst on Indian hotel and restaurant business Dr. Khatik S.K.**, Dr. Nag Amit Kumar** *Professor and Head, Department of Commerce, Dean, Faculty of Commerce and Chairman, Board of Studies, Barkatullah University, Bhopal **Associate Professor, Department of Commerce, Bhopal School of Social Sciences. (BSSS), Bhopal Online published on 24 October, 2019. Abstract A 32 years old dream to have indirect tax reform finally comes true on July 1, 2017. The process of indirect tax reform started in the year 1986 with the introduction of Modified value added tax (MODVAT), followed by the proposal to have a single tax system in the form of Goods and Services Tax for the country as a whole in 1999 was finally introduced on July 1, 2017. Goods and services tax is a non-discriminatory indirect tax and is applicable throughout the country. The present research work attempts to highlight the impact of Goods and services tax on Indian Hospitality and Tourism Industry. The industry with a contribution of around US$ 136200 million1 to the GDP at the end of 2016 is the one which is expected to witness major changes post GST. The present research paper will cover impact of GST on the pricing of Hotel room tariff, on restaurant food bills, on restaurant owners purchase bills as well as its Pros and Cons on the Indian hospitality and tourism industry as a whole. Top Keywords Goods and Services Tax, Service Tax, VAT, Krishi Kalyan Cess (KKC), Swatch Bharat Cess (SBC) & Input Tax Credit (ITC). Top |