GST on AC, non AC restaurants reduced to 5 percent

Posted on:11 Nov 2017 09:39:39
GST on AC, non AC restaurants reduced to 5 percent
11 November 2017 Current Affairs: The GST Council had previously pegged GST rates for air-conditioned eateries and those with liquor licences at 18%, and non-air-conditioned restaurants at 12%.

During 23rd GST Council meeting held on November 10, 2017 at Guwahati, Assam, the GST Council slashed rates for both air conditioned and non-air-conditioned restaurants to 5% without input tax credit (ITC).

Background Fact:- Federation of Hotels & Restaurants Association of India (FHRAI) - President- Garish Oberoi requested the GST council members to either bring down the GST rate on restaurants to 12% with input credit or 5% without input credit.
The GST Council had previously pegged GST rates for air-conditioned eateries and those with liquor licences at 18%, and non-air-conditioned restaurants at 12%.

During 23rd GST Council meeting held on November 10, 2017 at Guwahati, Assam, the GST Council slashed rates for both air conditioned and non-air-conditioned restaurants to 5% without input tax credit (ITC).

Background Fact:- Federation of Hotels & Restaurants Association of India (FHRAI) - President- Garish Oberoi requested the GST council members to either bring down the GST rate on restaurants to 12% with input credit or 5% without input credit.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Currentt Affairs 2018 November

13 NOVEMBER
NEWS
12 NOVEMBER
NEWS
11 NOVEMBER
NEWS
10 NOVEMBER
NEWS

Currentt Affairs 2018 October

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Currentt Affairs 2018 September

30 SEPTEMBER
NEWS
29 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS