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IMPACT OF TARIFFS ON RESTAURANTS
Gas at $4: Americans cut back on discretionary spends as fuel bills mountAmericans are adjusting their spending as fuel prices climb. Shoppers are altering routines, visiting discount stores for gas, and cutting ...- Fishermen are being pushed to the brink by fuel costs in Southeast AsiaRising energy, freight, and supply chain expenses are escalating seafood prices globally. Governments offer aid, but it's stretched thin, i...
- West Asia conflict triggers energy shock, tests Asia’s growth resilienceAsia faces economic challenges as a West Asia conflict disrupts energy markets. This shock impacts inflation and growth across the region. ...
- DFS is seeking lender data on war-hit SMEsPeople familiar with the matter told ET that banks have been asked to provide details on sectors affected, like the Morbi-based ceramics in...
- US retail sales rises 1.7% MoM in March driven by gas price spike due to the Iran warA spike in gas prices due to the Iran war, now in its eighth week, resulted in a hefty 1.7% gain in retail sales in March after a revised 0...
- India's FY27 GDP growth forecast downgraded to 6.8-6.9% amid energy supply disruptions: ReportICICI Bank has updated its GDP growth outlook for India, reducing it to a range of 6.8-6.9 percent for the fiscal year 2027. This alteratio...
- US tariffs likely to moderate India Inc's rating profile in H2 FY26; Iran war span key to outlookIndia Inc's credit profiles face moderation in the second half of FY26 due to US tariffs and the West Asia conflict. Rating agencies antici...
- Tariffs take toll on New York's Indian foodNew United States tariffs on India are creating significant challenges for New York's vibrant Indian food scene. Restaurant owners and reta...
- Court grants hotel interim stay on GST for eatery servicesThe Bombay High Court has granted an interim stay on the 18% GST levied on restaurant services within hotels charging over ₹7,500 per day f...
- National Restaurant Association in US lobbies against tariffsThe National Restaurant Association in the US has voiced serious concerns about potential tariffs on imports from Mexico, Canada, and the E...
- 18% GST instead of 5% to be charged on dining in a hotel if room rent per night is above this; know how much more it will cost?GST: From April 1, 2025 restaurants inside hotels will have to charge 18% GST from customers instead of 5% previously if the said restauran...
- Egg prices got all the attention, but U.S restaurants are sounding the alarm on a bigger ingredient crisis that could hit menus hard; here's all about itAmerican restaurants face significant challenges as beef prices surge. Factors include a record-low US beef herd due to droughts, a ban on ...
- Trump's return threatens resurgence of trade warsDonald Trump plans to introduce tariffs on countries like Mexico, Canada, and China in his second presidential term. These tariffs are aime...
- US wine merchants urge exclusions from blanket tariffsUS wine merchants and restaurateurs are concerned about potential tariffs on European imports if Donald Trump reintroduces levies. These ta...
- No plans to approach GST Council for reducing tax on all hotel rooms to 12 per cent: Tourism minister Prahlad PatelThe threshold limit for applicability of 28 per cent GST rate was increased from Rs 5,000 to Rs 7,500 per room per day by the finance minis...
- What India's hospitality sector wants from Jaitley in Budget 2018Tourism is largely underpenetrated and hotels is the main component in travel. GST has raised the tax burden by 3 times, the industry says.
- 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...
- Booking a hotel after GST rollout? Here's how much you will payAt present, hotels that charge tariffs in this range pay 21-22% tax. Hotel tariffs above Rs 7,500 would attract GST rate of 28%.
- GST rate on top hotels, restaurants upset hospitality, tourism industriesBudget hotels will attract low GST rates - even nil in some cases - but those charging Rs 5,000 and more room tariff per day will have to p...
- Regulatory bottlenecks impacting hospitality sector: FHRAIRegulatory issues such as multiple taxation and lack of single widow clearance are adversely impacting India's hospitality and tourism sect...
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