The US-based hospitality giant Choice Hotels International has said that it has fully taken over the company's India business by acquiring the 60% stake of its franchise partners, for an undisclosed sum. The group said that after the buyout, Choice Hospitality India will be operated as a wholly-owned subsidiary. "We plan to focus extensively on developing resources for growing our presence in India, which now stands at 28 hotels," Choice Hotels International President and CEO Stephen P Joyce said in a statement. The stake has been bought from its franchise partners Sandeep Gupta and Sushil Gupta of Asian Hotels.
Refund is an integral part of Goods and Service Tax law since it is the government reimbursement of taxes to a taxpayer. Thus, the taxpayer as well as the refund authorities have to be fully acquai More
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