New GST Rates for Restaurants Feb 2024
Restaurants across the country complied with the lower goods and services tax (GST) rate of 5 per cent after initial reluctance to do so, at least from some quarters. The new GST rates for a host of items — from washing powders and razors to shampoo and watches — kicked in from Wednesday, days after the GST Council pared rates+ on over 200 items, including 178 in the top bracket of 28 per cent.
HIGHLIGHTS
- Restaurants across the country on Wednesday complied with the lower GST rate of 5 per cent
- Earlier the rates were 18 per cent for AC and 12 per cent for non-AC restaurants
- Restaurant owners are worried about the implications of the move
Reads more about GST TAX SLAB 2024
