The Goods and Services Tax (GST) was a landmark reform in India’s indirect tax regime that entered the Indian economy on 1st July 2017. The GST aimed to achieve a tectonic shift to a singular digitized compliance set-up. However, since its inception, it did bring in with itself a lot of confusions, queries, and skepticism from the restaurant industry. The Government came up with another GST … [Read more...] about GST UPDATE: 18% GST to be levied on Takeaway Food in AC Restaurants
The rollout of the GST came as an important landmark in the history of the Tax Reform in India. All the GST rules and regulations are decided by the GST Council. While the GST eliminates multiple taxations and tax cascading and aims to simplify the entire tax process, there is still much to learn about the new tax structure. Read about the Frequently Asked Questions About the GST here. The … [Read more...] about GST Rules and the Mistakes to Avoid While Implementing GST for Your Restaurant Business
GST being a trending concept has attracted a lot of confusions and skepticism from various industries, which includes the restaurant industry as well, and these queries have bombarded us, which in turn has prompted us to launch a full-fledged discussion on GST. This article covers the GST FAQs and would provide you a pathway into the intricacies of the concept of GST. Read a detailed … [Read more...] about GST FAQs: All Your Questions About the GST and the Restaurant Business Answered!
The Supreme Court's earlier decision to ban liquor vends, as well as restaurants, bars and hotels serving liquor within 500 meters of national and state highways had come as a major blow to the Restaurant and Hospitality Industry. There were arguments that this ban will have long-term repercussions not only on the government's excise revenues but their own sales which will also have an … [Read more...] about Amendement in Laws Post the Highway Liquor Ban Spells Relief for Restaurants and Bars
The Ministry of Health issued a notification on Tuesday that restaurants and hotels would no longer be permitted to serve Hookah in the dining area. Under the prohibition of smoking rules under the Cigarettes and Other Tobacco Products Act The notification issued an amendment The Cigarettes and Other Tobacco Products Act, Rule 4 (Sub-rule-3), which now reads, ‘No service shall be … [Read more...] about Restaurants and Hotels Banned from Serving Hookah in Dining Areas
Already reeling under the effect of demonetization, Highway Liquor Ban, and the entire Service Charge predicament, the Restaurant Industry suffered yet another blow in the form of the new GST rates, announced by Finance Minister Arun Jaitley. Restaurants and hotels will now be charged at Tax rates based on their turnover and whether the establishment is AC or non-AC. Read in detail the impact of … [Read more...] about New GST Rates to Hamper 5-Star Hotels and Restaurants