In a move set to make eating out lighter on customers' pockets, the GST (Goods and Services Tax) council slashed the tax rate for restaurants last week. The tax rate for restaurants was revised downwards to a uniform 5% from the earlier 12% for non-air conditioned restaurants and 18% for air-conditioned restaurants. But restaurants won't get the benefit of input tax credit, a facility to set off tax paid on inputs with final tax. The tax cut was part of the biggest change to GST rates since July 1. Apart from restaurants, tax rates for 200 items were also slashed.
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Triumph may increase prices of the Speed T4, Scrambler 400, Thruxton 400 and other 350cc motorcycles in India from June 1, 2026.
Sitharaman defended the Centre's handling of rising fuel prices, saying the government had already taken a major revenue hit to shield consumers.
Petrol, Diesel Price Today: States that need more revenue keep fuel taxes higher as fuel remains one of the most reliable source of tax collection.
Top BJP sources told NDTV that the campaign will run till July 9 and will revolve around what the party calls the "12 Years, 12 Big Achievements" of the Modi government.
Under a 28 per cent GST framework, petrol prices could go down by nearly Rs 25 a litre; Diesel prices could reduce by around Rs 14 per litre.
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Friday September 19, 2025Away from politics, floods, rain-related tragedies and the Trump tariffs, there is optimism in the air. With GST rationalized, inflation in control, the upcoming festival season promises good times.
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