S
Stormborn
9 days ago
Hey LokeshThere is a lot of misinformation around about gst laws. It's not about a 5-star or a small restaurant, the gst laws state that businesses above 75 Lacs of revenue with an AC Dine-in fall in general category and are allowed to charge either 5% or 18% gst. The gst charged by a restaurant doesn't go into our pockets, as everyone is well aware, it goes to the government. And as you can see with our gst number provided to you, we file a full 18%. So there is no gst fraud being committed here as stated above. The difference in filing & charging 5% & 18% gst, is that the restaurant industry gets no rebate in 5% while they do get a rebate in 18% on all the gst we pay to our raw material vendors, machinery and lately, on rent. GST payments make up for a lot of our expenditure since most of our raw material is imported. If we were to stay in the 5% category, our prices would've hiked up by 22% to accommodate for the gst added in recent things, such as rent, which earlier had only TDS and the increased gst on a lot of imported goods. So the only reason we have switched to the 18% category, is so that we do not have to raise the prices drastically and so that we are able to provide that benefit to our customers who will only face a difference of 13% in our prices since they were already paying 5% gst, without facing too much of a loss ourselves. A lot of our customers are also able to show this as their business expense and claim a rebate on the gst paid by them to us which they wouldn't have been able to do had we simply increased the prices and stayed in the 5% category.We implemented these changes in 2024 end after giving it a lot of thought and considering what would be beneficial to all, not just us, since our customers are our priority. Please feel free to follow up on the complaint you have registered as well. We comply with all legalities and staying in 18% category also requires us to conduct & summit regular audits.Thank you for taking the time to read this. If anything still feels unsatisfactory, please feel free to reach the owner at 9582450256, as we requested before :)
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