We are only conducting Seminars to make Professional Traders. The material published on the blog is of general and educational information only and is not suitable for trading purpose. We do not provide Stock Tips. Please do not make any payment on website. All Material is available Free on the site.

Why post GST Reduction, Restaurants have Increased Prices?

The main crux of the whole embezzlement is a non standardized billing system and non linking with GST server. More than 90% customers in restaurants are individuals, who don''t have GST registration, so they don''t file GSTR1, so if the restaurants collect taxes from customers and don't pay it to the Government, then who is going to catch them and how? 

So, it''s evident that 18% GST, which the restaurants collected from the customers were actually added in their earning. So, a reduction in GST rate has directly affected the huge amount of illegal earning of the restaurants, so now they have no other way but to increase the prices to match the extra bucks, which they had earned since GST implementation.

GST billing will be successful if a centralised billing system is used and a bill is generated with GST index no linked with their central server. This will make sure that restaurants who collect GST will be forced to pay it to the govt. 

Most Visited Stocks - Click to Visit Link

We Teach and Train our Readers as we want to make sure that Readers become thorough professionals. We do not provide any stock tips. Please do not make any payments. Your joining or reading content is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9