A nine-day business conference to be held in September in Kochi, Kerala, has just moved to Sri Lanka, with the organisers coming around to the view that footing the goods & services tax (GST) rate of 28% for the event is way too much than paying taxes in hotels in the neighbouring country.
“With most hotels being close to the national highways in Kerala, business was already hit with the Supreme Court ruling on liqour ban. GST has made the MICE business a national issue and has made matters worse. Why have they complicated matters with multiple slabs? The concept of GST globally is one tax, one slab,” said Jose Pradeep, treasurer of the Kerala Travel Mart Society.
Hotels across the country have started getting cancellation requests, and hosting MICE (meetings, incentives, conferences and exhibitions) events have become an expensive affair since the GST rates kicked in on July 1. Read more at: http://economictimes.indiatimes.com/articleshow/59655986.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
“With most hotels being close to the national highways in Kerala, business was already hit with the Supreme Court ruling on liqour ban. GST has made the MICE business a national issue and has made matters worse. Why have they complicated matters with multiple slabs? The concept of GST globally is one tax, one slab,” said Jose Pradeep, treasurer of the Kerala Travel Mart Society.
Hotels across the country have started getting cancellation requests, and hosting MICE (meetings, incentives, conferences and exhibitions) events have become an expensive affair since the GST rates kicked in on July 1. Read more at: http://economictimes.indiatimes.com/articleshow/59655986.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst