Chartering the troubled waters of accommodation services under GST

Chartering the troubled waters of accommodation services under GST

Source: Live Mint Until last year, the hospitality and rental sectors benefitted from a broad tax exemption on renting residential dwellings. However, with effect from 15 July 2024, a separate conditional exemption was carved out for accommodation services, relieving these from the levy of goods and services tax, or GST. This change—applicable to accommodation services…

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Hotel sector gears up for growth with  ₹8,000-crore IPO pipeline and ITC demerger: Jefferies | Stock Market News

Hotel sector gears up for growth with ₹8,000-crore IPO pipeline and ITC demerger: Jefferies | Stock Market News

Source: Live Mint The hotels’ publicly-listed universe is set to expand with the potential debut of four new companies, aiming to capitalise on the strong outlook for the hotel industry, according to a recent note by Jefferies. The upcoming IPOs of Schloss Bangalore, Ventive Hospitality, and Brigade Hotels aim to raise around ₹8,000 crore collectively,…

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