GST rates on restaurants likely to be lowered in November

The goods and services tax (GST) on restaurants, including those in luxury hotels, is likely to be reduced next month. A five-member ministerial panel set up by the federal indirect tax body, the GST Council, is expected to examine a proposal for reducing tax rates on restaurants at its first meeting on Sunday. The panel’s recommendations will be placed before the GST Council at its 9 November mee…