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Saturday, 11 November 2017

Tax rates on restaurants has been reduced as under.

Big relief to who loves outside foods , good news comes from GST council 23 meeting concluded at Guwahati. 

Tax rates on restaurants has been reduced as under.

1 Tax on Non AC restaurants reduced from 12 % to 5%

2. Tax on AC restaurants re. duced from 18 % to 5%

3. The 5 % rates is without ITC.4. The above rate is applicable

4. The above rate is applicable without any upper turnover Limit.

5. Restaurants in Hotel will also be covered under 5 % rates

6. However restaurants in Hotel where room rents is up to Rs 7500 and above the GST will be applicable @ 18 % with ITC benefits.

7. GST on outdoor catering will be applicable @ 18 % with ITC benefits.

8. The above rates will be applicable from 15.11.2017

Read other changes on GST  council Meeting dated 10.11.2017

Read Changes in GST return Filing process and Extension of Due dates 

Complete List of GST item wise  rate reduction wef  15.11.2017

Changes in Composition Scheme 

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