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GST impact has been positive: Survey
The restaurant sector in Mumbai and Bengaluru feels the impact of GST has been largely positive, but lack of clarity on regulations remains a hurdle, notes a Grant Thorton survey, based on findings from owners and key managerial personnel in these cities.
By
migrator
migrator
Mumbai
Over 70 per cent of the restaurant owners believed GST is a positive decision for the industry, while 68 pc businesses felt it will ease compliance since it is backed by technology, said the survey.
High rentals and difficulty in retaining experienced staff are key challenges faced by the restaurant industry in Mumbai and Bengaluru, said the survey titled ‘Bon Appetit – Emerging trends, opportunities and challenges in Indian restaurant industry’.Â
Lack of clarity on regulations has also been mentioned as an area of concern, it added.
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