Eating Out To Get Cheaper, GST Rate On Restaurants Slashed To 5%

The next time you go to restaurants you will have to pay a uniform GST rate of 5 per cent, instead of 12 per cent or 18 per cent earlier depending on AC or non-AC restaurants. This was decided at the 23rd meeting of the  GST Council  meet today in Guwahati. But restaurants won't get the benefit of input tax credit, a facility to set off tax paid on inputs with final tax. Currently, GST i…