The Hotel and Restaurant Association of Western India (HRAWI) recently hosted two special seminars – titled ‘Bird’s Eye View – 5 Years of GST In Hotel & Restaurant Industry’. They were held at The Mirador Hotel in Mumbai on 20th March and later at the Fern Residency in Bhopal on 23rd March 2023.
The sessions were conducted by CA Jinit R Shah, who has over 15 years of practice in Chartered Accountancy.Rishi Mehra, owner of The Mirador Hotel, Mumbai; Gurbir Bedi, Chairman of Seminar & Business Matters Liaison Sub-Committee, HRAWI; and CA Jinit Shah inaugurated the seminar held in Mumbai. In Bhopal, the seminar was inaugurated by Navneet Goel, Chief Commissioner of Customs and GST (Madhya Pradesh and Chhattisgarh); Prabhat Dandotiya, Additional Commissioner Preventive, Bhopal Commissionerate; Tej Kulpal Singh, Bhopal Hoteliers Association; Sumit Suri, Executive Committee Member of HRAWI and State Coordinator of Madhya Pradesh; and Paramjit Singh Ghai, Office Bearer and Honorary Treasurer of HRAWI.
The seminars deep dived into several aspects of GST applicable to hotels and restaurants, and addressed quite a few lesser known facts about the new taxation regime. 87 hospitality professionals from both Mumbai and Bhopal participated in the seminar in their respective cities.
“The GST was introduced on July 1, 2017, as a comprehensive tax reform that aimed to simplify the indirect tax structure in the country. The hotel and restaurant industry was one of the sectors that were affected by the implementation of GST,” says Pradeep Shetty, President, HRAWI.
“The industry was previously subject to multiple taxes including service tax, VAT and luxury tax but the introduction of GST simplified taxes with a single tax. However, taxes inherently are a complicated subject especially, for the hospitality industry and so, we thought that after five years under the new tax regime it was a good time to reflect on how it has worked out so far. I thank CA Jinit Shah for imparting his knowledge on the subject from the industry’s perspective and for addressing participants’ queries,” says Shetty.
