Reduction of GST on Restaurants -No use to public
Once we all paid the 15% GST on food bills the restaurants have gauges that the public are fool and will pay any amount shown in the food bills. I made this statement because of the fact that many restaurants "increased" the food rate from 15th Nov, to match the difference due to reduction in GST so that the public pay the same amount but the GST portion goes at the reduced value of 5% to the government and the balance 10% goes to the restaurants, "in addition to the profit they enjoyed till 14th Nov". So in the eyes of restaurants, aren't we really fools? more
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That is how Indians destroy a good syetem. Here we have press, economists. Harvard graduates, intellectuals and haffttakhor goons, who have systematically destroyed a good system. more
Nov 28
I agree to the author. It is befooling the public through political process. How can we believe that the prices would come down with such a political system in the country. The prices falls down only at the rampart of the Red Fort wherein a letter is stated to have been received from a poor person expressing the happiness in the dream of falling down the prices. more
Nov 28
Competition Saar. Competition. The Government is trying to exit administered prices in everything and here you want them to set prices for idly-dosa. Let us be practical and reasonable. more
Nov 28
MAR ANSARI. FOR KURLO BOND SANDWICH MATTRESSES THEY CHARGED 18 (9+9)% GST ON 17TH NOV 2017. I WAS TOLD SAME WAS THE RATE EARLIER TO 15 TH AS WELL. I WAS GIVEN TO UNDERSTAND THAT THE REVISED BASIC RATES ARE READY FOR APPLICATION ANY TIME. THERE IS NO CLUE AS TO HOW ONE CAN PROTECT HIMSELF AGAINST FLEECING. more
Nov 22
I think the Government is doing a wonderful job of bringing in an efficient and simple Tax system across the country. Considering the compulsions of democracy and the need to depend on the babus operating the system inured over the decades to apathy and corruption , the actual results on the ground will take some years to fruition. The most heartening aspect of the government yet again is that they have taken bold decisions and are rolling it out pretty fast and efficiently considering the severe handicaps intrinsic to our system (democracy and the bureaucracy). They have been most responsive too by quickly tweaking in no small measure the rollout based on ground realities and feedback. I do not think any government in independent India has been so committed, bold and proactive as this. India's hope for a better future lies only with this government. more
Nov 22
So committed, really? PM is telling something else and ground realities are just opposite, what can a citizen do? Babus are part of Govt only, not blame them but the Govt. more
Nov 28
The restaurant's have been denied the ITC, when tax was reduced to 5%, the ITC which was going to capital account shifted to input cost account resulting in basic price increase. This move only reduces paperwork for the restaurant. Customer cost remains same. To measure GST impact compare pre & post GST prices, preferably after a year when the system becomes stable. For the records I am not a restaurentier. more
Nov 22
But when it was 12 or 18, the cateres charged entire tax and told govt, there is no ITC. These are corrupt and characterless traders in India who ahave made entire tax laws complicatd and babus corrupt. All those barking against GST are basically thieves, crooks, corrupts looters and cheaters. more
Nov 23
MR Mehta is right. While the govt announced the ‘concession’ by reducing the gst to 5%, they reversed the input credit they were receiving, thereby increasing their cost. One has to realise that restaurants can’t be expected to bear the same & not revise the base price. more
Nov 22
