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GST ON EATING OUT
Dining out surges in India: UPI payments jump 34% as restaurants see record salesIndia's love for food is driving a major surge in restaurant spending. UPI transactions have seen a sharp rise, indicating more people are ...- GST Council meet: From no GST on penal charges by banks, NBFCs for loan defaults to 5% GST on new EVs & more; Here are top 10 outcomesThe GST Council lowered the compensation cess rate for merchant exporters to 0.1% and reduced the tax on fortified rice kernels to 5%. The ...
- Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twistThe GST Council clarified the tax rates for popcorn. Ready-to-eat popcorn with salt and spices will be taxed at 5% if loose and 12% if pre-...
- The debate on GST rates for roti and paratha refuses to die down. Here's what is newParatha is not a defined product under GST, which is why companies making ready-to-cook parathas have approached AARs seeking that the para...
- Losing appetite: Top restaurants, cafes in a pickle in FY18While 16 restaurant biz expanded their combined sales by 17% to Rs 4,740 cr,13 of them were still in the red.
- Restaurant associations to approach Finance Ministry for input tax credit on rentNational Restaurant Association of India (NRAI) said it is also planning to send representations to the finance ministry on the matter.
- Tax department to warn restaurants to cut prices; Pass on benefit of 5% GST to dinersThe GST Council had decided to bring down the GST rate on dining out to 5%, but had simultaneously disallowed restaurants from claiming inp...
- Despite cut in GST rate, little change in eating out costsEating out didn’t really become cheaper for customers everywhere as expected, as some restaurants increased prices on menus to offset the l...
- Eating out, items of daily use get cheaper on lower GSTLarge retail outlets have also started advertising the downward revised prices of FMCG items like Shampoo, detergent and beauty products on...
- 'Image problem' may have led to tweak in GST ratesIt was felt a perception had gained ground that middle class activities like eating out and items like cosmetics and toiletries had become ...
- Now, pay less for eating out and ordering foodThe GST Council had previously pegged GST rates for air-conditioned eateries and those with liquor licences at 18%, and non-air-conditioned...
- 4 reasons why November could turn out to be costlier for consumersFuel prices are likely to rise further as global benchmark oil price is at a 'new normal' of $60 per barrel. India meets 82% of its oil nee...
- GST has no impact on foodies in run-up to Pujas says HoteliersSo those coming to savour the Durga Puja special cuisine at our speciality restaurant are coming here just like previous years," the genera...
- GST impact: Cheaper to eat sweets at shop counter than seated at tableIf you have the sweet at the counter and walk out after paying the bill, many mithaiwalas will charge 5% GST. But if you decide to enjoy it...
- Eating out cheaper post-GST? Why it depends on your menuThe fact that alcohol still attracts VAT while food come sunder GST is one reason why restaurants are reluctant to directly decrease prices.
- Is your restaurant overcharging you in the name of GST? Learn how to decode the billGST, which came into effect on July 1, subsumes 17 indirect taxes and 22 cesses at different rates across different states.
- GST clears clutter of food bills but restaurateurs still skepticalThough under GST 18 percent tax is being charged compared to about 19 per cent earlier but the clarity will encourage diners to head out, h...
- Big bite of benefits for customers as eating out becomes cheaper under GSTWhile the effective tax rate on restaurants so long added up to around 20.5 per cent, it has come down to one rate of 18 per cent across al...
- Eateries to shut early on 30th to avoid midnight tryst with GSTRestaurants, which otherwise close at 1.30am, especially on Friday will either shut around 11.30 pm or take orders only till midnight.
- How GST will impact your household budgetGoods and services tax (GST) comes into effect from 1 July. ET Wealth analyses the impact on some basic expenses in the household consumpti...
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