AC to be cheaper

AC to be cheaper
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The Group of Ministers set up to make GST composition scheme more attractive on Sunday suggested lowering tax rates for manufacturers and restaurants under the plan to 1 percent.

At present, while manufacturers pay GST at 2 percent, the rate for restaurants is 5 percent. Traders currently pay 1 percent.

     AC to be cheaper

The GoM headed by Assam Finance Minister Himanta Biswa Sarma has also suggested doing away with the tax rate distinction between AC and non-AC restaurants, those which are not covered under composition scheme and tax them at 12 percent.

It also suggested that hotels which have room tariff of more than Rs 7,500 should attract 18 percent tax rate.

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