RESTAURANT and F&B : Union Budget reactions from Mr. HA Mishra,CMD, Foodesign Hospitality Systems Pvt Ltd
The budget was a huge disappointment for the hospitality industry as there have been no reliefs or compensations for the industry, this year as well. All AC restaurants and cafes more than 2000 sq ft to pay service tax- this will only lead to drop in footfalls. Since, 90% of the outlets are air-conditioned, this …