{"id":3302,"date":"2017-05-21T19:06:11","date_gmt":"2017-05-21T19:06:11","guid":{"rendered":"http:\/\/blog.posist.com\/?p=3302"},"modified":"2023-08-29T16:02:41","modified_gmt":"2023-08-29T10:32:41","slug":"new-gst-rates-hamper-5-star-hotels-restaurants","status":"publish","type":"post","link":"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html","title":{"rendered":"New GST Rates to Hamper 5-Star Hotels and Restaurants"},"content":{"rendered":"

Already reeling under the effect of demonetization, Highway Liquor Ban, and the entire Service Charge predicament, the Restaurant Industry suffered yet another blow in the form of the new GST rates, announced by Finance Minister Arun Jaitley. Restaurants and hotels will now be charged at Tax rates based on their turnover and whether the establishment is AC or non-AC. Read in detail the impact of GST on the restaurant business here.<\/a><\/p>\n

How the New GST Rates Impact the Restaurants<\/strong><\/h2>\n

Under the new GST rates, Non-AC restaurants will be charged at 12%, while AC restaurants will be charged at 18%. 5-Star restaurants will be charged a Luxury Tax of a whopping 28%. Restaurants with a turnover less than 50 lakh INR heave a sigh of relief, as they would be levied a GST rate of 5%.<\/p>\n

Hotels and lodges having tariff less than 1000 INR will be taxed at 5%, while those between 1000-2500 will be charged at 12%. Hotels between 2500-5000 will be charged at 18%, and hotels having tariff above 5000 will be considered luxury hotels and charged at 28%.<\/p>\n

Considering that a majority of the food businesses and restaurant outlets fall under the unorganized sector still, the new GST rates are expected to work for the betterment of the small restaurants and encourage business. However, the industry experts are calling it a myopic move, and that it would spell doom for the overall hospitality business.<\/p>\n

Riyaz Amlani, president of NRAI (National Restaurant Association of India) also expressed his cynicism that heavy taxation and regulations would result in the \u2018leakage\u2019 in revenues and that restaurants and hotels should be given impetus as they provide a lot of jobs and are critical for tourism to grow.<\/p>\n

Note:<\/strong>\u00a0According to the recent ruling by the government, both AC and Non-AC restaurants will be levied a GST tax of 5%. The restaurants in 5-star hotels that charge Rs 7500 per day will be levied 18% GST. Read how the new GST rates will impact the restaurant industry here.<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Already reeling under the effect of demonetization, Highway Liquor Ban, and the entire Service Charge predicament, the Restaurant Industry suffered yet another blow in the form of the new GST rates, announced by Finance Minister Arun Jaitley. Restaurants and hotels will now be charged at Tax rates based on their turnover and whether the establishment […]<\/p>\n","protected":false},"author":16,"featured_media":10435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[822],"tags":[276,279,339],"yoast_head":"\nNew GST Rates to Hamper 5-Star Hotels and Restaurants<\/title>\n<meta name=\"description\" content=\"The new GST rates spell bad news for five-star hotels and restaurants! Find about the new GST rate structure for different restaurant types.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New GST Rates to Hamper 5-Star Hotels and Restaurants\" \/>\n<meta property=\"og:description\" content=\"The new GST rates spell bad news for five-star hotels and restaurants! Find about the new GST rate structure for different restaurant types.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html\" \/>\n<meta property=\"og:site_name\" content=\"The Restaurant Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TheRestaurantTimes\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-21T19:06:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-29T10:32:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/05\/hotel-1233020_1920-800x445.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"445\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prachi Ahuja\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prachi Ahuja\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html\",\"url\":\"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html\",\"name\":\"New GST Rates to Hamper 5-Star Hotels and Restaurants\",\"isPartOf\":{\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#website\"},\"datePublished\":\"2017-05-21T19:06:11+00:00\",\"dateModified\":\"2023-08-29T10:32:41+00:00\",\"description\":\"The new GST rates spell bad news for five-star hotels and restaurants! Find about the new GST rate structure for different restaurant types.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.posist.com\/restaurant-times\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New GST Rates to Hamper 5-Star Hotels and Restaurants\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#website\",\"url\":\"https:\/\/www.posist.com\/restaurant-times\/\",\"name\":\"The Restaurant Times\",\"description\":\"By Posist\",\"publisher\":{\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.posist.com\/restaurant-times\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#organization\",\"name\":\"The Restaurant Times\",\"url\":\"https:\/\/www.posist.com\/restaurant-times\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/08\/cropped-trt-logo.jpg\",\"contentUrl\":\"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/08\/cropped-trt-logo.jpg\",\"width\":600,\"height\":160,\"caption\":\"The Restaurant Times\"},\"image\":{\"@id\":\"https:\/\/www.posist.com\/restaurant-times\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/TheRestaurantTimes\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New GST Rates to Hamper 5-Star Hotels and Restaurants","description":"The new GST rates spell bad news for five-star hotels and restaurants! Find about the new GST rate structure for different restaurant types.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html","og_locale":"en_US","og_type":"article","og_title":"New GST Rates to Hamper 5-Star Hotels and Restaurants","og_description":"The new GST rates spell bad news for five-star hotels and restaurants! Find about the new GST rate structure for different restaurant types.","og_url":"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html","og_site_name":"The Restaurant Times","article_publisher":"https:\/\/www.facebook.com\/TheRestaurantTimes\/","article_published_time":"2017-05-21T19:06:11+00:00","article_modified_time":"2023-08-29T10:32:41+00:00","og_image":[{"width":800,"height":445,"url":"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/05\/hotel-1233020_1920-800x445.jpg","type":"image\/jpeg"}],"author":"Prachi Ahuja","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prachi Ahuja","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html","url":"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html","name":"New GST Rates to Hamper 5-Star Hotels and Restaurants","isPartOf":{"@id":"https:\/\/www.posist.com\/restaurant-times\/#website"},"datePublished":"2017-05-21T19:06:11+00:00","dateModified":"2023-08-29T10:32:41+00:00","description":"The new GST rates spell bad news for five-star hotels and restaurants! Find about the new GST rate structure for different restaurant types.","breadcrumb":{"@id":"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.posist.com\/restaurant-times\/trending\/new-gst-rates-hamper-5-star-hotels-restaurants.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.posist.com\/restaurant-times\/"},{"@type":"ListItem","position":2,"name":"New GST Rates to Hamper 5-Star Hotels and Restaurants"}]},{"@type":"WebSite","@id":"https:\/\/www.posist.com\/restaurant-times\/#website","url":"https:\/\/www.posist.com\/restaurant-times\/","name":"The Restaurant Times","description":"By Posist","publisher":{"@id":"https:\/\/www.posist.com\/restaurant-times\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.posist.com\/restaurant-times\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.posist.com\/restaurant-times\/#organization","name":"The Restaurant Times","url":"https:\/\/www.posist.com\/restaurant-times\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.posist.com\/restaurant-times\/#\/schema\/logo\/image\/","url":"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/08\/cropped-trt-logo.jpg","contentUrl":"https:\/\/www.posist.com\/restaurant-times\/wp-content\/uploads\/2017\/08\/cropped-trt-logo.jpg","width":600,"height":160,"caption":"The Restaurant Times"},"image":{"@id":"https:\/\/www.posist.com\/restaurant-times\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/TheRestaurantTimes\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/posts\/3302"}],"collection":[{"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/comments?post=3302"}],"version-history":[{"count":1,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/posts\/3302\/revisions"}],"predecessor-version":[{"id":19470,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/posts\/3302\/revisions\/19470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/media\/10435"}],"wp:attachment":[{"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/media?parent=3302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/categories?post=3302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.posist.com\/restaurant-times\/wp-json\/wp\/v2\/tags?post=3302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}