The denial of ITC undermines the foundational principle of GST to facilitate seamless credit flow across the value chain, creates structural imbalances within the sector, and impacts cost structures of budget and mid-scale hotels the federation said in a press statement.The denial of ITC undermines the foundational principle of GST to facilitate seamless credit flow across the value chain, creates structural imbalances within the sector, and impacts cost structures of budget and mid-scale hotels the federation said in a press statement.