As the Goods and Services Tax (‘GST’) regime is set to replace multiple State and Central levies with a single tax regime, NRAI hosted training seminars ‘Decoding GST for the Restaurant Industry’ across Mumbai, Delhi and Bengaluru for members of the restaurant fraternity. These training seminars were conducted in association with Grant Thorntan as the Knowledge Partner. The first of the series was hosted at the Food and Hospitality World Show in Mumbai on January 17, followed by Delhi on February 7 at antiSocial, HauzKhas Village and Bengaluru on February 23 at The Barbeque Factory, Koramangala.
The GST training seminar covered a brief analysis on the Model GST Law including its draft rules and formats, rate structure, tax credit mechanism. It also covered likely GST Impact on Business including purchase of agricultural produce and semi-processed food, procurement of capital goods, supply of food, aerated drinks and bakery products and redemption of vouchers/ credit coupons/ gift coupons/ reward points etc. Further, the challenges that industry may face during its transition and implementation were also highlighted in training.
Speaker Biren Vyas, Partner, Grant Thornton said, ’Upon effective implementation of GST, it is expected to result in reduction in overall tax on goods and services in the long run and improve GDP and business growth in India.’
Seminars across three cities saw exceptional turnout where NRAI members gained insight to various intricate details regardingits implementation. Mumbai saw turnout of representatives from The Bombay Canteen, Harrys India, Food Matters Pvt Ltd, Hardcastle Restaurants Pvt Ltd, Olive Bar & Kitchen, Silver Beach Entertainment And Hospitality LLP, Coffe by Di Bella, Swiggy, Texmex Cuisine India Pvt Ltd. Representatives from Azure Hospitality Pvt Ltd, The Big Chill Cafe, Impresario Handmade Restaurants, Old World Hospitality Pvt Ltd, Beer Cafe, Bercos, TGI Fridays, Tamasha, The Colony Bistro, Coffe Day Global , Lite Bite Foods Pvt Ltd. attended the seminar in Delhi and Brewsky Hospitality Pvt Ltd, Truffles, Shilton Hospitality LLP, Nandos, Barley & Grapes Cafe, Fava, Dawn And Beach, Sharma Resturant, Millers 46 Restaurant in Bengaluru.
NRAI’s seminars are always committed to serve as platforms to provide knowledge on key areas, engage, and exchange ideas and network with the industry leaders.
