Big bite of benefits for customers as eating out becomes cheaper under GST

Don’t feel like cooking today? Well, it’s cheaper to eat out now that the goods and services tax (GST) is here. Large restaurant chains such as KFC, Pizza Hut, Costa Coffee, McDonald’s, Social and Nirula’s have said they will pass on lower tax benefits under GST from July 1 to consumers. While the effective tax rate on restaurants so long, including service tax and VAT, added up to around 20.5 per…