On digital payments: services tax on restaurants in ICT reduced in federal budget 2023-2024
In one of the salient features of budget 2023-24 unveiled on Friday, the document stated that “services provided by restaurants including cafes, food (including ice-cream) parlors, coffee houses, coffee shops, deras, food huts, eateries, resorts and similar cooked, prepared or ready-to-eat food service outlets are proposed to be taxed at 5% if payment is made through debit or credit cards, mobile wallets or QR scanning”.
