No benefit of gst reduction
- 773
- 12
-
- Last Comment
Today gst on restaurants is applied @5% from earlier @18% but I see dominos and other restaurants has just increased their prices so no benefit of gst reduction.
- Sort By
why they increased the prices ?
gst reduction will cause their sales to get raised a bit higher and they themselves increased the price to earn more …
wow … taang chahe idhar se pakad lo chahe udhar se baat ek hi h 
Ab becharo ko gst input nhi milega na isliye
really what a cleaver step!
anyway we the consumers r not getting any benefit then!! 
Bhai Jaitley baba jabtak FM hai, ekk side se side se Gyaan denge woh , doosre side se Pocket se paise Nikaal lenge…
Read more details…. GST has been reduced but Input tax credit withdrawn for Restaraunt..
so, net net NO REAL benefit to consumer..
it is sad people like you easily fall in trap of excuses given by such restaurants ,, ether you are really unaware or you want to be part of blame game .
.
now you read more n more detail -
.
1. pre gst there was no input tax credit , tax rate = 18%
2. post gst input tax credit was made available to restros thinking that restro will pass benefit to consumers .. tax rate = 18%
3. but none of them pass benefit to consumer so govt reduced tax and withdrawn tax credit … tax rate = 5%
now read these 3 points again n again until you get point that restaurant giving excuse of increasing cost is totally lie . still if they increase price upto 5% then it is justified but increasing it upto 15% is not at all justified .. people like you only can believe this justification …
what is reality -
see all 3 scenarios -
1. prior to GST there was VAT+S.T. and no tax credit .. total tax rate = 18.5%
2. GST launched with almost same tax rate but tax credit was given to restaurant .. but no restaurant passed this benefit to consumers …
3. bcoz of not passing benefit , govt reduced tax to 5% and same like vat case input tax credit withdrawn …
Now compare 1st case with 3rd case and tell me why restaurant giving excuse of increasing cost ???
i tell you reason bcoz restaurants too know common people will miss these 3 points and blame govt for this … and some trolls will also fuel the blame game against govt .
.
and sadly there is no policy to restrict any restaurant to increase their prices .. only social media has power to expose the reality … and ask such restros why they lying , its ok if they increase prices upto 5% but increasing 15% is completely unethical ..
dominos increased prices only upto 5% + 5% tax (less than 18% gst) but fraud chain mcdonalds increase prices upto 15% … still i hope there should be any law which can take strict action against such greedy MNC brands .
spread the news in social media. show the true colors of the so called MNCs.
Kfc has not increased cost. Same plus gst
Vice Versa