The experience of eating in a hotel is often fun and comfortable, but it can also affect our budget. When we go to eat in a hotel, we not only have to take care of the taste and quality of the food, but we also have to take care of its cost. From eating in a hotel to walking on the road, many times we have to loosen our pockets. In this article, we will discuss in depth how eating in a hotel affects our pocket and what are the reasons behind it.
Under GST, tax rates have been determined on various products and services, in the last few years, changes have been made in GST rates for many products and services. In particular, the government has made changes in the following areas, the new financial year will start from April 1, 2025. There will be 5 major changes in Uttar Pradesh from this day. From increasing toll on the national highway to important changes in MNREGA. It will have an impact across the state. From toll tax, GST to face reading in MNREGA, these changes are expected to have a major impact on the state’s business, common man’s pocket and government’s income in the new financial year 2025-26. Often the prices of food on the hotel menu are much higher than the food available in a common restaurant or on the road. This is not just for food items
Rather, there is an additional charge for the service environment and branding of the hotel. In a five-star hotel, even a simple meal can be expensive. In such a situation, we have to plan in advance to lighten our pockets. Under the second change, from April 1, all those companies in UP who purchase from MSMEs will have to give information every 6 months. They will have to tell how much payment has been made within 45 days of purchase. Apart from this, MSMEs will also have to tell how much goods were purchased, how much is outstanding and what was the reason for not making the payment.
The government has taken some steps to promote digital payments in the GST rules, now traders are being given more facilities for digital transactions, and some special incentives are also being given, such as cashback and reward schemes, this step is not only to prevent tax evasion, but also to promote a cashless economy in the country. If you are staying in a room with a rent of more than Rs 7500 in big hotels of UP, then you will have to pay 18 percent GST on eating in its restaurant. At the same time, 18 percent GST will have to be paid on normal EV instead of 12. This rule will also apply to those companies who sell second hand cars.
Under the fourth change, there will be a change in the GST rules in UP from April 1. To prevent tax evasion, now invoices will be issued to businessmen with a turnover of Rs 10 crore every year. Invoices will not be issued after 30 days. To bring more transparency and prevent fraud under the Mahatma Gandhi National Rural Employment Guarantee Act in UP, attendance will now be taken through face reading. This system will be implemented in 491 gram panchayats of UP, there are 1.56 lakh laborers in 491 gram panchayats of the state who work under MNREGA. Now their attendance will be taken through a mobile app. Under the first change in UP, toll tax will increase on vehicles going through Lucknow, Nawabganj, Barabanki, Sultanpur, Ayodhya, Rae Bareli. Toll will increase by Rs 5 to Rs 10 on about 10 lakh vehicles running on these routes.
