Festive Season! Eating in Restaurant may get cheaper as gst may reduce to 12%
New Delhi: Festive Season! Eating in Restaurant may get cheaper as gst on restaurant may reduce to 12%. Eating out is not more costly. Food lovers may expect reduction in their food bills when they eating out from a restaurant. Image Source- thelalithotel
The new tax structure, along with the other proposals that the group of ministers is looking into, will be discussed during next month’s meeting of the GST Council in Guwahati.
If the new rate notified there will be only two slabs for restaurant owners under GST.
Composite Dealer 5%
Regular Dealer 12%
Since the last GST meeting Government seems to very liberal towards the taxpayers. In last meeting they already increased the limit for composition dealers from 75 lakhs to 1 crore.
Read More: Outcomes of the 22 GST meeting
gst on restaurant