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Blog posts November 2017

GST Rate for Hotel Industry

Hotel and Restaurants Services 

Introduction: The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terr…

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  Tags hotel gst industry itc tax restraunts

PPF account to be closed if holder status changes to NRI

In a blow to those planning to shift abroad, the government said on Monday that public provident fund (PPF) accounts would be closed before their maturity if a holder becomes a Non-Resident Indian (NRI). Such holders will earn only post office savings at a rate of 4 per cent and not at the higher ra…

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  Tags ppf nri lower interest closed savings foreign tax
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