GST Rate For AC And Non-AC Restaurants May Be At Par At 12%

Posted By:
Subscribe to GoodReturns

As per current GST rules in force, currently AC restaurants and non-AC restaurants attract a GST tax rate of 18% and 12% respectively across the table. Further, GST panel that sat in for a discussion also considered lowering of the rate to a unified 12%.

GST Rate For AC And Non-AC Restaurants May Be At Par At 12%

Few of the premium restaurants with presence in 5-star or above rated hotels may still be kept in the 18% tax bracket. Initially the GST rate implication was kept at a higher slab rate of 28% which was then reduced to 18%.

Also, there exists a confusion over tax rates for restaurants that offer both AC and non-AC dining space. The final call on the agenda shall be taken on November 9 meet of the Council at Guwahati. But the issue shall be discussed upon by the GST panel on October 29.

Goodreturns.in

Read more about: gst, restaurants, gst council
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC