Finance Bill 2015 Deconstructed For The Hospitality
Industry
Mumbai: As part of the initiatives taken for the benefit
and awareness of hoteliers and restaurateurs, the Hotel and Restaurant
Association of Western India (HRAWI) had organized a special seminar to
understand and avail of the implications of the proposed Taxes in the Union
Budget 2015/16 on various activities of hotels and restaurants. The seminar was
organized for the hoteliers at The Ambassador hotel, Mumbai, recently. The
session was addressed by Mr. Anil Harish, an eminent speaker, who has had
varied experience and who specializes in the Tax matters.
“The Union Budget remains the most important
financial tool through which a Government can communicate its fiscal and
economic policies to the public. Its importance cannot be overstated. It is
very important for everyone in our industry to be abreast of changes and
developments taking place from time to time. For this, the association has and
will continue to organize such seminars in the interest of our members,” says
Mr. Bharat Malkani, President, HRAWI.
During the seminar the Mr. Harish highlighted several
laws and policies that will affect the industry for the financial year. This
included the launch of the e-Biz portal which integrates 14 regulatory
permissions at one source, the increase in the Service Tax to the extent of
14%, provisioning for Swachh Bharat Cess of an additional 2% on taxable
services among others.
About
Hotel & Restaurant Association Western India (HRAWI)
The
Hotel and Restaurant Association (Western India) is a 65 years old Association
of Hotels and Restaurants in Western India. Its members include smaller Hotels
up to 5-Star Deluxe categories. The bulk of its members like any growth economy
are made up of budget hotels. With around 1300 members across Western India,
HRAWI covers Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Goa and the
Union Territories of Daman, Diu & Silvassa, and is considered to be the
voice of the Hotel Industry. The association is part of the national body of
Federation of the Hotels & Restaurants Associations of India (FHRAI),
located in New Delhi, which was originally founded in Mumbai in 1950 by the
late Mr. J.R.D. Tata.
No comments:
Post a Comment