How will restaurant and hotel bills change under GST?
The GST Council today finalised tax rates for services under which restaurants with an annual turnover of less than â¹50 lakh will attract a 5% tax, while non-AC food joints will face a 12% tax. Air-conditioned restaurants with liquor licences will come under the 18% tax slab. Further, service tax rate at five star and luxury hotels will be 28%.