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Good News New GST Rates For Hotel Booking Rooms from Oct 1st

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HIGHLIGHTS

- The new GST rate on rooms will be effective from October 1

- The new rate will also be applicable to those who have already paid for bookings after October 1.

Guests of luxury hotels are set to benefit the most from the recent government decision to slash goods and services tax (GST) on rooms priced at over Rs 7,500 to 18% from 28% now. The new rate will be effective from October 1.

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Samsung Finance+

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Electronics major Samsung on Thursday launched 'Samsung Finance+', a digital lending platform that will offer consumers finance options to buy its Galaxy smartphones. Samsung Finance+, which will connect financial institutions and dealers, will be available at over 5,000 stores in 30 cities across the country. This will be extended to 10,000 outlets in 100 cities by the end of 2019.

Singh said various offers will be available for users, including zero per cent EMI, as being offered at various offline and online channels. He explained that consumers buying a Galaxy smartphone at any one of the 5,000 stores equipped with Samsung Finance+ platform can opt for easy finance on their smartphones.

Samsung India launches digital lending platform to boost smartphone sale
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