As the 30th September deadline to the Income Declaration Scheme (IDS) is nearing, the Income Tax Department is leaving no stone unturned to make the IDS a success. The income tax department made their presence felt to many roadside restaurants and small businesses, much to the surprise of their owners, as most of them were dealing with an Income Tax Officer for the first time in their … [Read more...] about Roadside Eateries and Small Restaurants Feel the Income Tax Heat
Lately, the streets have been abuzz with the news of Reliance Jio launching unlimited free calls and high speed internet at dirt cheap prices. While Mukesh Ambani’s speech reportedly cost Bharti Airtel and Idea Rs 12,250 crores collectively, it has resulted in excitement among the consumers, and apprehension among other businesses. Let us have a look at what Reliance Jio has in store for the … [Read more...] about The Impact of Reliance Jio on the Indian Restaurant Industry
In 2001, Subway started its journey in India by opening its first outlet in Delhi. Today, after 15 years they boast of over 550 outlets in the country and aim to reach 2000 by the year 2020. The expansion of the restaurant chain is happening at a rapid rate and is expected to reach the eight-billion-dollar mark in the next 5 years. To celebrate their anniversary with their customers, … [Read more...] about Subway Celebrates Anniversary by Offering a Buy One Get One to Customers
Taking a leaf out of the Internet first restaurants such as Yumist, HolaChef, Petoo, etc, several restaurants are now shutting down outlets, and moving towards cloud kitchens. Mast Kalandar has shut down its restaurants in two of the four cities it was operating in, and Ammi’s Biryani has converted some of its outlets into cloud kitchens to cut down on the cost. A cloud kitchen is basically a … [Read more...] about Are Cloud Kitchens the Smarter Way to Run Your Restaurant Business?
Themed interiors, unmatchable marketing, and extremely heavy discounts are some new tactics of restaurants to increase their sales and making sure they stay in front of their competitors. To please the customers, even more, food delivery has now become an essential part of almost every restaurant, big or small. With the startup wave hitting the country, a lot of food delivery startups … [Read more...] about The Woes of Food Delivery in the Restaurant Business
Taxes feel like a never ending maze of legal and mathematical terms and yet most people aren’t aware of what and how much tax they are paying while buying a product or a service. To overcome these confusions and the flurry of different taxes imposed on the general public, the Indian government has decided to adopt the policy of ‘one-nation-one tax’ and have come forward with the ‘Goods and … [Read more...] about The Impact of the GST Bill on the Restaurant Industry