GST Council's decision to cut tax rate for restaurants to help rationalise tariffs:FHARI

The Federation of Hotel and Restaurant Associations of India, FHARI has said that GST Council's decision to cut tax rate for restaurants to 5% without Input Tax Credit (ITC) will help restaurants across India rationalise tariffs. 

Welcoming the move, Association President Garish Oberoi said



they were demanding to bring down GST rate on restaurants to 12% with ITC or at 5% without ITC. EY India said that the GST rate changes announced yesterday is one more positive step towards streamlining the rates, reducing complexity and increasing compliance.