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July, your favourite fast food or snack may become too costly

July, your favourite fast food or snack may become too costly

Wednesday, March 22, 2017, 12:00 PM

Tens of thousands of hotels and fast-food joints are staring at an uncertain tax regime post-July 1 as the goods and service tax (GST) caps composition benefits at Rs 50 lakh of annual turnover. They are now paying a 4% tax under the composition scheme and a steep rise in GST rate, as is expected, will push up the prices of snacks.
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