News
Consumers feel restaurants are not passing benefits of GST rate cuts: Survey
- Date:
- January 18, 2019
- Source:
- Money Control
Eating out hasn't become any cheaper despite a big cut in Goods and Service Tax (GST) rates on restaurant bills more than a year ago, consumers feel. Little over a fourth of the consumers feel that they are yet to receive the benefit even as the GST Council in November 2017 slashed tax rate on restaurants to 5 percent (minus the option of availing input tax credit) from 18 percent (with the chance…