New Delhi: Hospitality and travel industry players expect teething issues to crop up at least in the first few months of GST implementation but are not unduly worried, expecting support from government. Travel services firms said the "sheer complexity" in GST compliance and the filings required at multiple levels will involve a substantial increase in effort and time. The hospitality players also want the government to put only hotel rooms with tariffs of Rs10,000 per night and above in the top tax bracket of 28% in the GST regime. Travel services firm Thomas Cook India felt GST would result in only marginal increase in cost for the travel sector. However, the full impact of GST on all input cost is yet to be fully ascertained.

Source: Mint July 02, 2017 09:22 UTC