Open to look into restaurants demand for higher GST rate with ITC benefit

The government is open to looking into the restaurant industry demands of going back to a higher  GST  rate, along with the benefit of the tax credit on their inputs, Revenue Secretary Tarun Bajaj said on Wednesday. Currently, a 5 per cent tax is levied on restaurant services, irrespective of whether it is air-conditioned or non-AC, without the benefit of the  input tax credit …