In July 2022, the Finance Ministry along with the Tourism Ministry officials met with industry stakeholders MATI, MATATO, NBAM, NHGAM, ATA, MAYA etc. to share information on the increment of taxes in early 2023, in spite of not having an exact date of implementation. These meetings shed light on the proposed GST increments from 6% to 8% and TGST from 12% to 14% - a total increment of 2% from both the taxes. Many across the industry continue expressing their concerns on tax increment and advising authorities of the challenges in keeping up with competitive markets. What is your take on the matter?
PUBLISHED November 05, 2022