Reduced GST brings smiles on faces
Eastern Eye Staff
Restaurateurs who are very happy that the tax rate had reduced said that it will reflect in their balance sheets over a period of time. “Today is only the first day. People are not spending as much as they used to. With the reduction in tax, people can spend freely,” said Satish Shanbagh, Supervisor at Samrat restaurant near Churchgate station. Nileema Kulkarni didn’t remember that the newly lowered Goods and Services (GST) tax rate for restaurants was to be effective from Wednesday. “It’s only when the bill came that I realised that I was charged five per cent instead of…
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