Mysuru, March 31 -- Implementing the Goods and Services Tax (GST) has been beneficial for the hotel industry, said Senior Chartered Accountant (CA) B.V. Mahesh.
Speaking at a GST awareness programme organised at the Hotel Owners' Association Office in Krishnamurthypuram, Mysuru, recently, he noted that while the hotel industry falls under the service sector, it was previously subject to both goods and services taxes.
"Hotel owners were burdened by these taxes but were unaware of the extent. With the implementation of GST, this burden has been alleviated. If one understands the laws and regulations, most tax-related issues can be resolved," he said.
Mahesh assured that tax authorities would inspect businesses only under specific guideli...
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