The Managing Directors/CEO's/Owners/Director/Partners/General Managers
All Members of FHRAI
CC: All Members of the Executive Committee
All Regional Associations
President FHRAI
Subject: Information regarding accommodation capacity in hotels and other accommodation, establishments, percentage utilisation and revenue from different declared tariff slabs
Dear Member,
In GST Council meeting held on 21.07.2018, it has been decided that for the purpose of computing tax rate applicable instead of declared tariff, the actual value of supply i.e. transaction value would be adopted. A notification No. 13/2018-CT(R) dated 26.7.2018 effective from 27.7.2018 has also been issued giving effect to this change.
For future reference and study of the impact on occupancy, the following information as applicable for FY 2017-18 is required by Ministry of Finance. Kindly furnish the information in the attached Excel Sheet to FHRAI office by 8th August,2018.
Thanking you and with regards
Rahul Lall
Secretary General
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The Federation of Hotel & Restaurant Associations of India
Regd. Off.: B-82, 8th Floor, Himalaya House,23 K.G. Marg, New Delhi - 110001
Tel: 011-40780780 Fax: 40780777
Email: fhrai@vsnl.com Website: www.fhrai.com