As India prepares for the biggest overhaul to its taxation since 1991, STAAH updates its platforms so all Indian clients are GST complaint.
Mumbai, June 30, 2017: “With effect from July 1, taxes will be applied dynamically on the gross tariff, as per the GST rules,” says Tarun Joukani, Managing Director, STAAH India Pvt. Ltd.
STAAH is among the first providers of distribution technology that is completing such a complicated update in time, benefitting the growing list of properties that use its products.
As per the new rules, no GST is applicable to room tariffs below ₹1000 per day. Room rates between ₹1000 and ₹2500 are subject to a 12% GST; between ₹2500 and ₹7500 are subject to 18% GS; and those above ₹7500 are subject to 28% GST.
“These changes are expected to have a far-reaching impact on the hospitality industry, especially the luxury sector (five star and higher starred properties). While our clients assess the financial impact on them, we want to ensure that we enable smooth processing by dynamically applying the correct GST amount on bookings,” says Tarun.
All STAAH’s products, including the channel manager and booking engine are updated to reflect this change. Each application can now calculate and apply the GST payable automatically based on gross tariff, migrating from the current manually-applied tax applicable.
The update will reduce any manual errors on tax calculations, enable easy generation of precise reports on GST amounts and help deliver GST-compliant receipts.
“The update is automatic for all STAAH clients; however our team will train properties on how to manage their settings so the system works efficiently for them,” says Tarun.
STAAH has been enabling quick and reliable connections to local and global channels for more than 1000 properties in India. Its cloud-based products enable accommodation providers to reach their online potential, increasing revenue and streamlining their business processes.
About STAAH Ltd
STAAH Limited is a New Zealand-based technology company that specialises in cloud-based channel management and booking engine for accommodation providers.
Founded by Gavin Jeddo in 2008, a pioneer in the field of distribution technology, STAAH’s industry-leading technology powers a property’s their distribution through online travel agencies (OTA), direct bookings and digital marketing services. For more information visit: staah.com.
KEY STAAH FACTS
– Processing more than 700,000 room nights every month (4.5 million bookings annually).
– Partners with more than 4000 properties across 50 countries. Partners with more than 1000 properties in India.
– More than 200 integrations with OTAs, GDS, payment gateways and other critical suppliers to power the distribution.
– Winner of the prestigious Innovation Showcase Award in 2016 for partnerships in India.
– 7 offices worldwide, including UK, India, Malaysia, Thailand, Philippines, Indonesia and New Zealand.