Learn about GST rates on food items and restaurants in India. Explore how 5%, 12%, and 18% GST apply to various food services and it Impact on your expenses.
Q.1 – Would ECOs need to obtain TCS in complaints with section 52 of the CGST Act, 2017? Q.2 – Would ECOs need to avail a separate registration wrt the supply of restaurant services reported under 9(5) by them despite they are enrolled to file GST on the services on their own acc...
In India, May is synonymous with the summer holidays, giving a seasonal push to sectors like travel, hospitality, tourism, and even agriculture. On the business and taxation front, the month has seen a flurry of activity. The government continues to roll out significant updates in the GST ...
Any questions you have regarding GST, GSTIN, GST Returns, Filing GST or Calculating GST, just ask us. New GSTIN NEW SHREEMAYA MEDICALS SRI DEVI RESTAURANT M/S M S ARUNKUMAR SHARAVANA ELECTRICALS V B ANGADI AND BROTHERS ABC SALES CORPORATION ...
An example of this is when we go out to eat at a restaurant. Earlier, the customer paid both VAT and service tax on a single bill, but after GST there is single tax charged on the bill amount. This leads us to an important concept in GST – Time, Place, and Value of Supply of ...
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In this article we will talk about how GST affected the bills of restaurants, hotels and other places where we usually go out for eat something.
Goods and Services Tax (GST) in India Goods and Services Tax is the tax levied by the Indian Government on the procurement of goods or services in the country. The tax was introduced in the year 2017. The tax has replaced all the other indirect taxes, like Value Added Tax (VAT), and...
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GST on Food Services & Restaurant Business Any change in the tax regime reflects on the food services and restaurantbusinesses first. And the impact of GST on food services and restaurant businesshas been no different from this trend. Given that the restaurant and foodservice industry was valued...