With the Goods & Service Tax (GST) bill recently passed by the government of India passed in India, the country looks forward to complete elimination of indirect taxation regime in the country, and go ahead with the ‘One Nation, One Tax’ notion.
What is GST?
GST is a comprehensive single indirect tax reform on the supply and consumption of goods and services which will erase the scenarios of cascading taxes and give way to a better and stronger economy.
Where does eZee BurrP! come in picture?
The desktop-based restaurant management software eZee BurrP! will help you ensure that your restaurant becomes GST compliant efficiently:
Accurate GST Payable Calculation
Structured Trading of Commodities
Easily Generate Multiple Returns To Be Filed with GSTN
Integration with GST Suvidha Providers (GSP) For Report Submission
Reduction of Manual Errors in Automatic Tax Calculation
Facility of e-Payment as per Applicable GST Rates
Precise Reports for ITC and GST Amounts
GST-compliant Invoices and Receipts
On account of newly introduced GST norms, eZee BurrP! on-premise restaurant management software will let you transform your restaurant into a GST ready business, regardless of your operations and services.
Try eZee BurrP! today, and make your restaurant ready for GST.
Get a free trialWhat will the impact of GST be on Indian restaurant industry?
India is going to follow a dual-GST model and implement a 4-tier tax structure of 5, 12, 18 and 28 percent, among which the GST on restaurant industry will be levied based on a restaurant’s annual turnover and services provided.
Check out how the restaurant industry in India is going to be affected by GST:
| Turnover & Services | GST Rate |
|---|---|
| < INR 50 Lakh | 5% (Optional) |
| Non-AC Restaurants Restaurants Without Liquor License | 12% |
| Restaurants with AC or Central Heating | 18% |
| Restaurants Serving Alcohol | 18% |
| AC Restaurants Inside 5-star Hotels & Above | 28% |
Whereas, banquets and outdoor catering services, as well as bundled services including any food and beverages will attract a GST of 18% Get equipped with GST ready restaurant management software eZee BurrP! to offer remarkable services to your guests.