The slashing of GST rates on hotel tariffs and the reduction in corporate taxes is the government’s Diwali gift for the tourism sector, Minister of Tourism Prahlad Patel said on September 23.

The GST Council on September 20 slashed the tax on hotel tariffs and some goods with a view to addressing sectoral concerns in a slowing economy.

The tax changes came on the heels of the reduction in corporate tax rates to boost private investments.

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