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Thursday, 18 January, 2018, 22 : 49 PM [IST]

Tour operators services to get ITC at GST rate of 5%

GST exemption on VGF for RCS airports extended to 3 years
The 25th GST Council meeting held in Delhi today has decided to allow ITC of input services in the same line of business at the GST rate of 5% in case of tour operator services. 

 The Council has decided to reduce GST rates for 40 items at today‚Äôs meeting.

 In a major decision to promote Regional Connectivity Scheme (RCS), the GST exemption on Viability Gap Funding (VGF) extended from the present one year to a period of 3 years from the date of commencement of RCS airport.. 

Among various exemptions and clarifications that the Council has decided upon today, the GST rates on services by way of admission to theme parks, water parks, joy rides, merry go-rounds, go-carting and ballet from the current 28% to 18%. 

 The Council has clarified that exemption of Rs 1000/- per day or equivalent (declared tariff) is available in respect of accommodation service in hostels. 

Kerala and Goa appealed for reduction in the rate of GST applicable to tourism sector to encourage tourism in the country, said Finance Minister of Kerala, Dr Thomas Issac in a statement.
 
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