After months of hungama over the high GST rate on food in restaurants, eating out is finally going to taste better from Wednesday!
Reason? The 18 percent GST you paid all this while on food served in restaurants has been brought down to 5 percent by the GST Council last week.
A uniform 5 percent tax will now be levied on all kinds of food served in both AC and non AC restaurants. Alcohol still continues to be outside the ambit of GST and will attract regular VAT as earlier.
The GST Council, last week, in a major tax overhaul also slashed the rates on nearly 200 items that were placed in the topmost 28 per cent slab under the new indirect tax reform.