People familiar with the matter told ET that banks have been asked to provide details on sectors affected, like the Morbi-based ceramics in...

A 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...

ICICI 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...

India Inc's credit profiles face moderation in the second half of FY26 due to US tariffs and the West Asia conflict. Rating agencies antici...

New United States tariffs on India are creating significant challenges for New York's vibrant Indian food scene. Restaurant owners and reta...

The 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...

The National Restaurant Association in the US has voiced serious concerns about potential tariffs on imports from Mexico, Canada, and the E...

GST: From April 1, 2025 restaurants inside hotels will have to charge 18% GST from customers instead of 5% previously if the said restauran...

American restaurants face significant challenges as beef prices surge. Factors include a record-low US beef herd due to droughts, a ban on ...

Donald Trump plans to introduce tariffs on countries like Mexico, Canada, and China in his second presidential term. These tariffs are aime...

US wine merchants and restaurateurs are concerned about potential tariffs on European imports if Donald Trump reintroduces levies. These ta...

The 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...

Tourism is largely underpenetrated and hotels is the main component in travel. GST has raised the tax burden by 3 times, the industry says.

The GST Council had previously pegged GST rates for air-conditioned eateries and those with liquor licences at 18%, and non-air-conditioned...

At present, hotels that charge tariffs in this range pay 21-22% tax. Hotel tariffs above Rs 7,500 would attract GST rate of 28%.

Budget 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 issues such as multiple taxation and lack of single widow clearance are adversely impacting India's hospitality and tourism sect...