What is changing?
On 24 December 2018, all active Indian accommodation partners who are not registered for the Indian Goods and Services Tax (GST) will be switched over to Payments by Booking.com.
In this system, the accommodation partner doesn’t need to take payments from their guests. Instead, Booking.com will collect payment on their behalf and then transfer them the money – minus the commission and GST.
Why is this happening?
Recently, the Indian government updated GST regulations. As an e-commerce operator, Booking.com is obliged to collect and pay GST on the room rate to the Indian government.
What does it mean for properties?
To comply with local regulations, we’ll need to switch all properties that aren’t GST-registered to Payments by Booking.com. That’s why Indian accommodation partners should check their GST registration status as soon as possible. Non-GST-registered properties should also add their bank details in the Booking.com extranet to ensure they receive payouts correctly.
They can update their information in the extranet ‘Finance’ tab.
Any partners who do not provide us with GST registration information will be automatically switched to Payments by Booking.com.
What does it mean for you?
This won’t affect the way your work with any of your Indian properties. However, if accommodation partners get in touch with you about this, please advise them to check their GST registration status and bank details in our system.
For more information on these changes, partners can visit the Payments by Booking.com page.