Restaurant owners seek dual tax regime like in real estate

The National Restaurant Association of India (NRAI) has appealed to the government to consider introducing a dual goods and services tax (GST), on the lines of what has been done for real estate, for the organised restaurant sector as the withdrawal of input tax credit (ITC) under revised GST rate of 5% for restaurants have hit businesses, NRAI president Rahul Singh told FE. “We are suggesting tha…