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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 | ,

Leading 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

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Govt 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 | ,

FMCG 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

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Eateries 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 |

Unhappy 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

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Restaurants 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 |

Consumers 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

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What 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 |

Prices 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

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Higher 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 |

Eating 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

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Hotel, 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 | ,

The 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

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Restaurant 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 |

Startups 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

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Reduction 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 | , ,

NRAI 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

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GST: 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 |

A 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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