“The budget should help increase consumer spending due to the tax benefits given. We hope that this will stimulate demand, which is essential for growth in the Restaurant Industry.
We welcome the opportunities the Railway budget will potentially provide to the QSR and Coffee chains and the packaged food industry. However, we were looking forward to some relief from the high and multiple taxes, roll back of the service tax that was imposed last year and a clear and early timeline for the roll out of GST.
The restaurant industry has tremendous growth potential which can be facilitated by single window licensing and reduction of taxes.”