Hotel and restaurant bill: Understand the full game of GST, save your money

Whenever we go for a walk somewhere, two things cost the most -staying in the police and eating and drinking. Often when we see the bill, our head is baffled by seeing taxes like SGST, CGST under the price of food. People do not know that the government made these rules very easy and cheap for us a few years ago. Let us understand in a very simple language today, when you go to a hotel or restaurant, how much GST has to be paid so that no one can charge more money from you next time. (Earlier it used to be 18%) If the room fare is ₹ 7,500, then you have to pay 18% GST. (Earlier it was 28%) Today’s lesson: If you are traveling budget, then choose a hotel whose fare is less than ₹ 7,500, you can save 6%directly on GST. 2. How much is it takes to eat in the restaurant? Here the rule is even more simple. There is no longer a major affair of AC or Non-A. Any restaurant (whether it is inside or outside), now takes a single 5% GST. But there is a condition: This 5% GST restaurant does not get the benefit of ‘input tax credit’ (ITC). In an easy language, the restaurant can no longer claim the tax paid at its cost. What did you benefit from this rule directly to the customers. Earlier restaurants used to charge up to 18%GST, which has now come down to just 5%. Although restaurant owners say that their cost has increased due to the removal of ITC, but the bill for customers has reduced considerably than before. Another thing: If you eat food in the restaurant of an expensive hotel (where the room rent is more than ₹ 7,500), then you can be charged 18% GST, because they get the benefit of ITC, then the next time you get the benefit of it. Please check the GST GST. This small information can make your journey even more economical