So now, restaurant GST + App GST. But Delivery guys ko no benefit.
Goods & Services Tax (GST) Updates
- Thread starter Sushubh
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Council raises GST on low-cost footwear, garments to 12%
Approves composition scheme for brick kilns to curb evasion but skips gutkha
GST Council recommends taxation of Uber, Ola, and food delivery apps
The GST Council said that apps like Swiggy and Zomato should be taxed instead of the restaurants that prepare and pack the food.
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GST officers asked to block ITC only on basis of evidence, not suspicion
Till early last month, taxmen had blocked ₹14,000 crore worth of input tax credit (ITC) of 66,000 businesses under this rule.
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Apparel, footwear to get expensive from January 1, 2022 as govt hikes GST from 5% to 12%
GST rate on fabrics has been hiked to 12% from 5% from January 2022 and GST on apparel of any value has also been increased to 12%, compared to 5% earlier with cost of upto Rs 1,000 per piece.
This is giving serious issues to the distributors of Apparel. The MRP won't change for existing stock. Till now it was X+Y+5% was the MRP where in X was purchase price, Y was margin and 5% GST. Now for existing stock the 7% difference needs to come out of margin which is certainly not enough.
Apparel retailers warn that GST rate hike will hit demand
Clothes and footwear are set to get dearer due to increase in raw material prices and rate hike.The govt recently notified an increase in GST on apparel and footwear from 5% to 12%
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