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The National Restaurant Association of India (NRAI) on Monday welcomed the order issued by Delhi Lieutenant Governor V K Saxena to exempt eateries operating in the national capital from the requirement of obtaining a 'no-objection' certificate from police, saying the decision will reduce administrative hurdles and significantly improve ease of doing business. As per the order, restaurants in Delhi will no longer be required to obtain the Delhi Police Eating House Licence. The decision also applies to other business activities such as hotels, motels, guest houses, swimming pools, auditoriums, video game parlours, discotheques, and amusement parks. The licensing power will now be transferred to local bodies such as the Municipal Corporation of Delhi, New Delhi Municipal Council, or Delhi Cantonment Board. "As per the new directive, restaurants operating in Delhi will no longer be required to obtain the Delhi Police Eating House License. This change will reduce administrative hurdles a
Quick service restaurant chain operator Devyani International Ltd on Thursday said it will acquire up to 80.72 per cent stake in Sky Gate Hospitality, which operates brands including 'Biryani By Kilo', for Rs 419.6 crore. The acquisition includes three brands of Sky Gate -- Biryani By Kilo, Goila Butter Chicken, and The Bhojan. The company's board in its meeting approved acquisition of up to 80.72 per cent equity stake for Rs 419.6 crore, on fully diluted basis, in Sky Gate Hospitality Pvt Ltd along with its subsidiaries, Devyani International Ltd (DIL) said in a regulatory filing. In addition, the company will also pay contingent consideration as per the terms of the transaction documents, DIL said. DIL operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements. Sky Gate along with its subsidiaries owns brands Biryani By Kilo, Goila Butter Chicken and The Bhojan. It predominantly operates through a chain of over 100 outlets ...
Hotels charging a room rent above Rs 7,500 a day at any time in any financial year will be considered 'specified premises' for the next fiscal and restaurant services provided inside such premises will attract 18 per cent GST with input tax credit, the CBIC said on Thursday. From April 1, 2025, the taxability of such restaurants which operate inside hotels will be on the basis of value of supply (transactional value). This would replace the concept of 'declared tariff' which included charges for all amenities provided in the unit of accommodation (given on rent for stay) like furniture, air conditioner, refrigerators or any other amenities, but without excluding any discount offered on the published charges for such unit. "For the period starting from 01.04.2025, the value of supply of hotel accommodation in the previous FY, i.e., the transaction value charged for the said supply, would be the basis for determining whether the premises providing hotel accommodation service mandatoril