Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
D. Forum
What's New


Home News Goods and Services Tax - GST Month 9 2019 2019 (9) This
← Previous Next →

GST move to cut tourism services tax won't hit revenue: Goa CM

September 25, 2019
  • Contents

Panaji, Sep 24 (PTI) Goa Chief Minister Pramod Sawant on Tuesday said the GST Council's decision to slash tax on tourism services will not affect revenue collection in the state.

Sawant reasoned that the move is set to boost tourism in the state which will compensate the potential revenue loss.

In recent meeting, the GST Council resolved to decrease tax on hotel room tariff from 28 per cent to 18 per cent.

Sawant said Goa has witnessed a 26 per cent deficit in its GST collection, which is being compensated by the Centre.

"The Centre will continue compensating us for the difference for another two years. We will take appropriate measures in consultation with the Union government after that," he said.

Tourism is the mainstay of revenue for the coastal state which is a preferred beach destination for domestic as well as foreign tourists.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||