GST on AC, non AC restaurants reduced to 5 percent
Posted on:11 Nov 2017 09:39:39
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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.
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