University of Mumbai

A
Project on
THE STUDY OF IMPACT OF GST
ON HOTEL INDUSTRY
Submitted to
University of Mumbai for partial completion of The Degree of
B.COM(Accounting and Finance)
Under the Faculty of Commerce

By
Mr. Vaibhav Hari Bunde
Exam Seat No.
Under the Guidance of

PROF. Dr. Nilesh Ekanath Koli

Changu Kana Thakur Arts, Commerce and Science

College,
New Panvel
Plot No.-1, Sector -11, Khanda Colony, New Panvel (W),

Dist. - Raigad, 410206, State, - Maharashtra, India

 THE STUDY OF IMPACT OF GST ON HOTEL
INDUSTRY
Certificate

This is to certify that Mr.Vaibhav Hari Bunde has worked and duly completed her Project Work
for The Bachelor of Accounting and Finance under the faculty of Commerce in the subject of
Accounting and Finance and his project is entitled “THE STUDY OF IMPACT OF GST ON
HOTEL” under my supervision.
I further certify that the entire work has been done by the Lerner under my guidance and that no
part of it has been submitted previously for any Degree and Diploma of any University.
It is his own work and facts reported by his personal findings and investigations.

SEAL OF THE
SEAL OF
COLLEGE
THE

COLLGE
Name and signature of

Guiding Teacher

Date of submission:
 DECLARATION

I the undersigned Mr. Vaibhav Hari Bunde here by, declare that the work embodied in this
project work titled “THE STUDY OF IMPACT OF GST ON HOTEL” forms my own
contribution to the research work carried out under guidance of Prof. Dr. Nilesh Ekanath
Koli is a result of my own research work and has not been previously submitted to any other
University for any other Degree/Diploma to this or any other University.
Whenever reference has been made to previous work of other, it has been clearly indicated in a
bibliography.
I, here by further declare that all information of this document has been obtained and presented
accordance with academic rules and ethical conduct.

Vaibhav Hari Bunde

Certificate by
Dr. Nilesh Ekanath Koli
 ACKNOWLEDGEMENT

To list who all have helped me is difficult because they are so numerous and the depth is so
enormous.
I would like to acknowledge the following as being idealistic channel and fresh dimensions
in the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me chance to do this project.
I would like to thank my Principal, Prof. Dr. Vasant Barhate for providing necessary
facilities required for completion of this project.
I take this opportunity to thank our Coordinator prof. Dr. Nilesh Ekanath Koli, for her
moral support and guidance.
I would also like to express my sincere gratitude towards my project guide Prof. Dr. Nilesh
Ekanath Koli whose guidance and care made the project successful.
I would like to thank my College Library,for having provided various reference books and
Magazines related to my project.
Lastly, I would like to thank each and every person who directly or indirectly helped me in the
completion of the project especially my Parents and Peers who support me throughout my project.
ABSTRACT
 INDEX

Sr. Chapter Title of the Chapter Page No.

No.
1 Chapter - Introduction 10
01
2 Chapter - Research 42
02 Methodology
3 Chapter -03 Literature Review 53
4 Chapter - Data Analysis 57
04 and
Interpretation
5 Chapter - Conclusion & 70
05 Suggestions
6 Chapter – Reference
06
7 Chapter - Bibliography
07
8 Chapter - QUESTIONNAIRE
08
 CONTENT:

Chapter- 01: Introduction:

Chapt Introduction Pag

er es
No.
1.1 Introduction 10
1.2 INTRODUCED GST 11
1.3 Status of GST in India 13
1.4 HISTORY OF GST IN INDIA 16
1.5 About Goods and Services Tax Network (GSTN) 21
1.6 GST Council meeting 22
1.7 Salient features of GST are as under 27
1.8 OBJECTIVES OF GST 28
1.9 TYPE OF GST 29
1.10 Overview on Impact of GST in Hotel Industry 32
1.11 GST IMPACT ON OUR REGULAR FOOD BILL 33
1.12 Hotel industry 35
1.13 Impact of GST On hotel sector 37
1.14 Tax rate under GST for hotels and restaurant. 39
1.15 Booking a hotel after GST rollout 40
Chapt Research methodology
er
No.
2.1 Introduction of Research Methodology 43
2.2 RESEARCH DESIGN 44
2.3 GST on Hotel Industry 47
2.4 SCOPE OF THE STUDY 49
2.5 OBJECTIVES OF THE STUDY 51
2.6 Limitation of the study 52
2.7 Meaning of Hypothesis 52
Chapt Literature Review 53
er
no.
Chapt Data Analysis and Interpretation 57
er
no.
Chapt Conclusion 70
er
no.