A Study on the Impact of GST on Restaurant Industry with Special Reference to Belagavi City

This study is aimed at examining the perception of restaurant owners towards the implementation of GST (Goods and Service Tax). India's tax system has traditionally depended significantly on indirect taxes. The Indian indirect taxation system was defined by a cascading, distorting tax on goods and services production, which resulted in lower productivity and slower economic growth. To eliminate this multiplicity of taxes and reduce the taxpayer's burden, a simple tax, called the Goods and Services Tax, was introduced. GST is India's major tax reform, and it applies to restaurants and hotels as well. This research paper focuses on the impact of GST on restaurant' businesses located in Belagavi city. The findings of the paper suggest that free billing software and invoice formats should be made available on the GST portal, and the composition scheme should be extended to service providers and interstate supply. The paper concludes that; the implementation of GST has resulted in a beneficial shift in the efficiency of the sectors studied. The GST is a positive measure that will increase business performance while also growing the economy. It will boost the economy and contribute to long-term development, which is expected to prove profitable in the long run, bringing the dream of"One Nation, One Tax" closer to reality