However, industry stakeholders have expressed concern over the withdrawal of Input Tax Credit (ITC) benefits for businesses operating within the 5…
For the F&B industry, this shift means essentials such as soaps, toothpaste, and other consumer staples will get cheaper, freeing up household…
The clarification settles a long-standing debate between platforms and the government over whether aggregators are liable to remit tax on delivery…
Numerous GST notices have been sent to the corporation by different national authorities.
Zomato further clarified that it had provided relevant documents and judicial precedents in response to the show cause notice, but these appear to…
The Tamil Nadu tax authority issued an Adjudication Order under Section 73 of the Central Goods and Services Tax Act, 2017, and the Tamil Nadu Goods…
The National Anti-profiteering Authority (NAA) under GST has held an Uttar Pradesh-based dealer of Maggi noodles guilty of indulging in profiteering.
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…
National Anti-Profiteering Authority (NAA) has dismissed a complaint against a Subway franchisee.
The international businesses remained flat due to slow-down in geographies like Middle East and Africa, Britannia said.
Anti-profiteering provisions make it compulsory for companies to pass on any benefits from a lower GST rate to consumers.
Food delivery services are taxed at 18% which the restaurants have to pay.
Pernod, maker of Imperial Blue and Royal Stag whisky, has strategic international brands which include Absolut Vodka and Chivas Regal Scotch.
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.
Under the GST regime implemented on July 1 2017 air-conditioned restaurants pay 18% GST on food
The industry lobbied for a 12 percent rate for all restaurants but with the benefit of input tax credit kept intact
All restaurants who serve alcohol whether they are air conditioned or not charge 18% tax and without alcohol and no Ac counterparts charge 12%
Last year venison sandwich was sold in selected Arby’s store and fro that it became popular
Mother Dairy sells 30 lakh liters of milk per day in the Delhi-NCR market, of which 20 per cent is token milk
The GoM, which Jaitley said will set up soon, will also examine if the Rs 1-crore turnover, which is the threshold for the composition scheme, should include revenue generated from the sale of exempted goods
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 project was launched to provide affordable food to citizens, it could be anybody as affordability is subjective
Restaurant business has certainly dipped after GST, even over weekends
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.
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