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New GST Rates for Restaurants Feb 2024

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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

  1. Restaurants across the country on Wednesday complied with the lower GST rate of 5 per cent
  2. Earlier the rates were 18 per cent for AC and 12 per cent for non-AC restaurants
  3. Restaurant owners are worried about the implications of the move

Reads more about GST TAX SLAB 2024

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