India's aviation and tourism sectors are currently navigating turbulent skies due to the unrest in West Asia. Airlines are challenged with ...

IRS no tax on tips 2026 is trending fast. Up to $25,000 deduction is now possible. That is real money saved. This rule applies to tax years...

New PAN card application forms are now in effect under the Income-ax Act, 2025, with category-specific forms replacing the Aadhaar-only opt...

The Income Tax Department has identified 63,000 restaurants for potential income under-reporting. A nationwide survey revealed suppression ...

The National Restaurants Association of India asks the government to rethink GST rates. Restaurants face high costs from rent, aggregator c...

Indian tax authorities are investigating whether restaurants have evaded taxes on packaging charges, following scrutiny of 'food and delive...

At present, restaurants charge 5% GST without input tax credit, on the supply of services including supply of food and beverages. Meanwhile...

The aggregators are unable to show tax collected at source (TCS) from restaurants using their platform.

The letter states that there are “various” rules which have to be in compliance to commercially operate a restaurant such as the FSSAI food...

High rate of tax on certain goods and services of mass use and complexity of compliance have made businesses, especially small traders, res...

AC restaurants currently charge 18% GST and non-AC ones charge 12%. Unifying the rate may mean giving up the ability to claim back taxes pa...

Under GST, businesses get a credit for taxes paid by their suppliers, which does away with the cascading effect of multiple layers of taxat...

Jaitley said a number of representations had been received and the council had decided to give relief to small and medium enterprises (SMEs...

Roadblocks encountered so far will be on the agenda of the GST Council as part of efforts to address the grievances of small industries, tr...

A large number of fast-food joints, which are unclear which way their annual turnover will swing, may choose to collect 12%.

The GST rate for AC restaurants with bar license is fixed at 18%, but there is no clarity on how much tax AC restaurants without the bars h...

Hotels and fast-food joints are staring at an uncertain tax regime post July 1 as GST will cap composition benefits at Rs 50 lakh of annual...