Union Budget - Increase in Service Tax, a deterrent - Mirah Hospitality

Mr. Gaurav Goenka, MD - Mirah Hospitality

"The budget overall has been very positive keeping the growth of the Nation in mind. The only deterrent according to me in the increase in service tax to 14%.

The Service tax was already quite high and with it being revised upwards its going to be detrimental to the growth of the Hospitality industry.

Consumers will have to spend more on other services, which is going to reduce his spends on eating out."

Mirah Hospitality is the Brand that owns & operates Khandani Rajdhani, Cafe Mangii, The United Sports Bar & Grill, Citrus Hotels, Falafels amongst other standalone F&B units.

Source : Equity Bulls

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