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.
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
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
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GST panel also cuts 1% tax for small traders and manufacturers
Overall incidence was expected to be lower with the gains of input tax credit eaten up by the restaurants levy is seen to be detrimental for consumers