Restaurants dial back expansion plans on GST hurdle

Restaurant chains are either dialling down expansion plans or putting them on hold as they grapple with the removal of input tax credit under the revised goods and services tax (GST) norms.  Specialty Restaurants Ltd, which runs the Mainland China and Oh! Calcutta chains, has cut capital expenditure plans to about Rs40 crore in 3-4 years from earlier plans of Rs100 crore. TexMex Cuisine India…