Eating Out Cheaper After GST Cut? Restaurateurs Have A Plan: 10 Points ndtv.com

Eating out has become cheaper after the GST Council Meeting led by Finance Minister Arun Jaitley revised the rates of the new national tax yesterday. The GST rate charged by restaurants has been cut to a uniform 5 per cent now — from the earlier 12 per cent or 18 per cent, depending on whether you ate at an air-conditioned place or a restaurant without one. Restaurants, however, won't get the benefit of input tax credit — a feature of the New GST Rates under which manufacturers and service providers can deduct the tax previously paid on the goods they purchased. Mr Jaitley announced the changes after a day-long meeting with state finance ministers on Friday.