Hospitality Segment Wooing Government to Reduce Tax
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Hotel industry is a very sensitive industry and even a small incident can affect their business. They are facing tremendous challenges due to inflation scares, terrorist attacks, changes in the political scenarios, H1N1 and AIDS virus scare, and host of other factors. On a short note with www.propertykhazana.com, the President of All India Convention of Hotels and Restaurants in the city of Thiruvananthapuram, located in Kerala on Monday, said, “The tax reformation and cutting of tax levels were the need of the hour to bolster the hospitality segment in our nation”.
Furthermore, on the issue of taxation which is imposed on state, speaking to the sources at www.propertykhazana.com, he said, “The Kerala government must slash the luxury tax imposed at 15% on the room tariff which is over INR 2,000 and will play a vital role to slash luxury tax on various services offered.
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