NAA finds Maggi noodles distributor guilty of profiteering
The National Anti-profiteering Authority (NAA) under GST has held an Uttar Pradesh-based dealer of Maggi noodles guilty of indulging in profiteering.
Hardcastle Restaurants pulls govt to court over GST credit
Presently, restaurants are levied a 5% GST, however, they can’t claim the input tax credit against the tax they paid on raw materials and other…
NAA dismisses complaint against Subway franchisee
National Anti-Profiteering Authority (NAA) has dismissed a complaint against a Subway franchisee.
Britannia net profit ups 19.41% to Rs 258.08 cr In Q1
The international businesses remained flat due to slow-down in geographies like Middle East and Africa, Britannia said.
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Domino's faces anti-profiteering action for not passing on GST cuts
Anti-profiteering provisions make it compulsory for companies to pass on any benefits from a lower GST rate to consumers.
From Swiggy to Foodpanda, online food delivery service firms face GST heat
Food delivery services are taxed at 18% which the restaurants have to pay.
Pernod's India sales Rise by 14% in July-March
Pernod, maker of Imperial Blue and Royal Stag whisky, has strategic international brands which include Absolut Vodka and Chivas Regal Scotch.
Food, drinks in educational institutions to attract 5% GST
The Ministry also noted that if schools up to higher secondary level supply food directly to students, the same would be exempt from the GST.
Grofers Annual Revenue Increases To 1000 Crore In 2017
Grofers partnered with major brands and suppliers to stock up extra in order to resolve any availability concerns for the customers
HRAWI Requests Government To Return Input Tax credit
Other key reconsiderations suggested by HRAWI included making the Integrated Goods and Service Tax (IGST) available for tourism accommodation services
Restaurants Association Welcomes New GST rate on restaurants
Some members of the National Restaurants Association of India complaining about the government’s decision to withdraw input tax credit
ICRA welcomes GST cut on restaurants
Currently 12 per cent GST on food bill is levied in non-AC restaurants and 18 per cent in air conditioned ones
GST Council Cuts Tax Rate For Restaurants
Under the previous rates if any part of a restaurant has an air conditioner 18 per cent is charged as the GST
French Bakery chain L'opera Opens Its Store In Ambiance Mall
Menu has been especially curated so that there are not just the pastries but sandwiches baguettes croissants
There are a few operational issues that are still being ironed out- Nestle CMD
There is a GST impact of almost 525 basis points that gets impacted on the company's sales, therefore the number might be a little lower that what a double digit would be
The low footfall and the need for the kitchens to take a break is the primary reason
The project was launched to provide affordable food to citizens, it could be anybody as affordability is subjective
GST Has Cut Restaurant Business By 35%
Restaurant business has certainly dipped after GST, even over weekends
Dosa batter,custard powder,kitchen lighter may see cut in GST
Sources said that the GST Fitment Committee has approved new rate structure of over two dozen items and forwarded the proposal to the apex decision making body.
De-Registering the food brands could not escape GST
Several brands, including some prominent basmati rice players, had deregistered some of the brands to avoid paying GST.
Eateries report 20% dip in trade as GST takes hold
In a course correction bid, many restaurants have slashed menu prices by 5-10% to bring them at par with pre-GST rates. But they still await footfall to normalize.
MICE crises hits the Hotel Industry after liquor ban, owing to GST
There have been huge cancellations or postponements of pre-booked events post GST
GST likely to impact profitability of branded basmati rice companies: ICRA
Earlier basmati rice was subject to value-added-tax (VAT) or was tax free in different states. However under GST, basmati rice has been included in the category of branded cereals registered in the Register of Trade Marks, that attract a levy of 5% GST.
?GST not applicable on free food supplied by religious institutions, says Government
However, some of the items and services required for making prasadam would be subject to GST, including sugar, vegetable edible oils, ghee, butter, service for transportation of these goods and so on.
GST would help add new stores in non-metro places: Hardcastle Cafe
The company has brought uniform price by slashing price in southern states where pre-GST taxes were high and by hiking rates in states like Maharashtra.