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 the 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 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.

Source : Lokesh Shastri