Food for thought: Restaurants do not need the added spice of GST issues

According to the Food Service and Restaurant Business Service report 2022-23 by Francorp and restaurantindia.in, India’s food service market is anticipated to project robust growth with an impressive CAGR of 11.19 percent and increase from USD 41.1 billion in 2022 to USD 79.65 billion by 2028.

Against this backdrop, Economic Laws Practice (ELP)’s Associate Partner Mohammad Asif Mansoory and Senior Associate Sunidhi P. have co-authored an article Food for thought: Restaurants do not need the added spice of GST issues published by The Economic Times wherein they discuss the impact of GST rate on the restaurant services.

The article highlights how the amount of tax cost for businesses substantially impacts the investments and their growth.

For further information, read the article here: https://rb.gy/6mcsd