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.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs December 2017

11 DECEMBER
NEWS
10 DECEMBER
NEWS
9 DECEMBER
NEWS
8 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS

Current Affairs October 2017

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