The National Anti-profiteering Authority (NAA) under GST has held an Uttar Pradesh-based dealer of Maggi noodles guilty of indulging in profiteering.
Presently, restaurants are levied a 5% GST, however, they can’t claim the input tax credit against the tax they paid on raw materials and other…
National Anti-Profiteering Authority (NAA) has dismissed a complaint against a Subway franchisee.
The international businesses remained flat due to slow-down in geographies like Middle East and Africa, Britannia said.
Anti-profiteering provisions make it compulsory for companies to pass on any benefits from a lower GST rate to consumers.
Food delivery services are taxed at 18% which the restaurants have to pay.
Pernod, maker of Imperial Blue and Royal Stag whisky, has strategic international brands which include Absolut Vodka and Chivas Regal Scotch.
The Ministry also noted that if schools up to higher secondary level supply food directly to students, the same would be exempt from the GST.
Grofers partnered with major brands and suppliers to stock up extra in order to resolve any availability concerns for the customers
Other key reconsiderations suggested by HRAWI included making the Integrated Goods and Service Tax (IGST) available for tourism accommodation services
Some members of the National Restaurants Association of India complaining about the government’s decision to withdraw input tax credit
Currently 12 per cent GST on food bill is levied in non-AC restaurants and 18 per cent in air conditioned ones
Under the previous rates if any part of a restaurant has an air conditioner 18 per cent is charged as the GST
Menu has been especially curated so that there are not just the pastries but sandwiches baguettes croissants
Hotel industry has also appealed that the GST rate on in-house restaurant bills be levied at 12 per cent
Company said t could have grown much faster in the country but for the lack of legislation for direct selling industry
Tata Cha will have three formats of stores large which will be about 1300-1400 sq ft
Overall incidence was expected to be lower with the gains of input tax credit eaten up by the restaurants levy is seen to be detrimental for consumers
Under the GST regime implemented on July 1 2017 air-conditioned restaurants pay 18% GST on food
The industry lobbied for a 12 percent rate for all restaurants but with the benefit of input tax credit kept intact
All restaurants who serve alcohol whether they are air conditioned or not charge 18% tax and without alcohol and no Ac counterparts charge 12%
Last year venison sandwich was sold in selected Arby’s store and fro that it became popular
Mother Dairy sells 30 lakh liters of milk per day in the Delhi-NCR market, of which 20 per cent is token milk
The GoM, which Jaitley said will set up soon, will also examine if the Rs 1-crore turnover, which is the threshold for the composition scheme, should include revenue generated from the sale of exempted goods
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