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Leading eateries get queries from taxmen about menu prices before & after GST
November 23, 2017 |by indiafood forum | Comments Off on Leading eateries get queries from taxmen about menu prices before & after GST | FOOD SERVICE | GST, McDonald'sLeading fast-food chains such as McDonald’s have got queries from tax officials seeking details about menu prices before and after GST rate cuts on November 15. The move follows reports of some food chains raising prices…READ MORE
KEEP READINGGovt have to ensure GST rate cut benefit reaches common man: Adhia
November 20, 2017 |by indiafood forum | Comments Off on Govt have to ensure GST rate cut benefit reaches common man: Adhia | FOOD & GROCERY | GST, Hasmukh AdhiaFMCG firms and big corporates will have to ensure that retailers pass on the benefit of GST rate cut to consumers and sell their products only after lowering the MRP, Finance Secretary Hasmukh Adhia said…READ MORE
KEEP READINGEateries may land in soup for profiteering post GST
November 20, 2017 |by indiafood forum | Comments Off on Eateries may land in soup for profiteering post GST | FOOD SERVICE | GSTUnhappy with the price hike introduced by restaurants after a steep reduction in the goods and services tax (GST) , the government is looking to invoke anti-profiteering provisions…READ MORE
KEEP READINGRestaurants hike prices after GST cut, but govt says it can do little
November 17, 2017 |by indiafood forum | Comments Off on Restaurants hike prices after GST cut, but govt says it can do little | FOOD SERVICE | GSTConsumers at fast-food chains across the country may not be able to enjoy the full gains of the lower GST rate of 5% that kicked in from Wednesday as many restaurants are raising menu prices, citing the government’s decision to withdraw credit for taxes paid on raw material and rent…READ MORE
KEEP READINGWhat the revision in GST rates means for consumers
November 14, 2017 |by indiafood forum | Comments Off on What the revision in GST rates means for consumers | FOOD SERVICE | GSTPrices of a large variety of consumer goods are expected to come down after the goods and services tax (GST) Council decided to move 178 items from the highest tax bracket of 28 per cent to 18 per cent on Friday…READ MORE
KEEP READINGHigher menu prices may eat into sharp GST cut on your food bill
November 14, 2017 |by indiafood forum | Comments Off on Higher menu prices may eat into sharp GST cut on your food bill | FOOD SERVICE | GSTEating out will cost 5-6 per cent less as the GST Council on Friday slashed the levy on all restaurants, other than those in high-end hotels, from 18 per cent to 5 per cent…READ MORE
KEEP READINGHotel, Restaurant Owners Meet GST Council Over Tax Rates
November 10, 2017 |by indiafood forum | Comments Off on Hotel, Restaurant Owners Meet GST Council Over Tax Rates | FOOD SERVICE | GST, The Federation of Hotels & Restaurants Association of IndiaThe Federation of Hotels & Restaurants Association of India today said the body met with GST Council members, including state finance ministers, to press for rationalisation of tax rates for the industry…READ MORE
KEEP READINGRestaurant chains to hike meal prices by 10% even as GST declines
October 31, 2017 |by indiafood forum | Comments Off on Restaurant chains to hike meal prices by 10% even as GST declines | FOOD SERVICE | GSTStartups in India’s food and beverage retail industry are planning to increase meal prices for customers even as the government is likely to bring down the rate of GST to 12 percent from 18 percent…READ MORE
KEEP READINGReduction in GST from 18 pc to 12 pc for restaurants will make eating out more expensive: NRAI
October 26, 2017 |by indiafood forum | Comments Off on Reduction in GST from 18 pc to 12 pc for restaurants will make eating out more expensive: NRAI | FOOD SERVICE | GST, India Food Forum 2017, NRAINRAI stated that under the current 18 per cent tax rate, restaurants get to claim credits on the taxes they pay on various things like processed food, rent, electricity and transportation…READ MORE
KEEP READINGGST: Distinction between AC, non-AC restaurants may go
October 18, 2017 |by indiafood forum | Comments Off on GST: Distinction between AC, non-AC restaurants may go | FOOD SERVICE | GSTA panel set up by the federal indirect tax body, the Goods and Services Tax (GST) Council, on Sunday concluded that there is a case for doing away with the distinction between air-conditioned (AC) and non-air-conditioned restaurants and that both could be taxed at the same lower rate of 12%, two people familiar with the development said on condition of anonymity…READ MORE
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