GST 2.0: Hotel chains keep room rates stable

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The Centre has cut the GST rate on rooms costing up to Rs 7,500 per night to 5% (without input tax credit) with effect from Monday, from 12% with input tax credit earlier. A room at the Hyatt Centric Candolim in Goa will cost Rs 5,670 on Tuesday, after adding 5% GST rate, per rates published on a popular travel platform, while Fortune Resort, Benaulim, Goa is charging Rs 4,463, after adding 5% GST for same date.