“The high GST rate of 18 % on online food delivery service providers and ineligibility of credit of such GST charged to the restaurants have an adverse impact on the growth of the sector. A reduction in GST rates will keep food costs affordable and create more jobs in the sector while furthering the government’s initiatives,” he said.
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Unknown titlerowing at a CAGR of 22 %. However, the tax complications arising due to the GST is likely to pose a roadblock to this growth,” Fooza Foods founder and managing director, Dibyendu Banerjea said. <span>“The high GST rate of 18 % on online food delivery service providers and ineligibility of credit of such GST charged to the restaurants have an adverse impact on the growth of the sector. A reduction in GST rates will keep food costs affordable and create more jobs in the sector while furthering the government’s initiatives,” he said. However, restaurateurs said a high commission of 23-24% by food delivery platforms have turned out to be a pain point even for several months of reopening after lockdown, footfall for d Summary
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