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"Why do we have to pay a GST of 28 percent? Bajaj asked while addressing reporters during the launch event of all-new 400cc Pulsar motorcycle, adding "You look at ASEAN countries typical equivalent of GST is 8 percent and 14 percent."
The National Restaurant Association of India (NRAI) has called for the government to restore input tax credit to restaurants and increase the GST rate to 12% from the current 5%, ahead of the upcoming Union Budget. The association believes that balanced policies and regulations are needed to ensure a level playing field for restaurants, delivery partners, and consumers.
Budget 2024: The National Restaurant Association of India (NRAI) has called for the government to restore input tax credit to restaurants and increase the GST rate to 12% from the current 5%, ahead of the upcoming Union Budget. The association believes that balanced policies and regulations are needed to ensure a level playing field for restaurants, delivery partners, and consumers.
The National Restaurant Association of India has urged the government to restore input tax credit to restaurants while increasing the GST rate to 12 percent from the current 5 percent. They have also called for an equitable and fair e-commerce policy and policy support for the sector in the upcoming Union Budget.
Doctors, economists, and public health organizations have urged the government to raise the excise duty on all tobacco products in the Union Budget 2024–25 in order to raise additional funds.