GST is here, and it is proving to be heavy on the pockets of college going students. College going students usually make a huge chunk of people eating out. As such the nearly one-month-old Goods and Service Tax is affecting their expenses. With GST in place, air-conditioned restaurants are charging a heavy 18 percent tax. Earlier the tax was 6 percent, some restaurant owners say.
One college student who could not help but fume with anger at the increased prices said that “Everywhere we have been to, there has been only price increase. Now they charge 18 per cent along with the existing prices. Even they are not clear why they are charging that.”
Not just the students, many restaurant owners are not happy with GST either at it has resulted in a decline in footfall. Eating out has become expensive and restaurants which thrived on near colleges and catered to the demand of college students looking for pocket-friendly but good eateries are suffering under the whip of GST. Business has slowed down while the cost of raw material has stayed the same.
“Our business has decreased substantially. People still get angry at us for charging GST; some even ask for the specific government order,” says the manager of a famous eatery.
Many restaurants have increased the tax from 6 percent to 12 percent; however, that seems to be no help either. They are being told that the tax should be nearly 18 percent and there is already a lot of confusion amongst the vendors who don’t know what to do.
They cannot defy government orders. But small restaurants even though fitted with air conditioners cannot survive if college students turn their faces away from them due to increase in prices.
Many restaurant and hotel owners are planning to protest against the tax rise in August. However, it remains to be seen what will come out of it. For now eating out is becoming a huge burden on the pocket for college students.
One way to combat the heavy load on the pocket would be to do virtual internships and summer internships or winter internships. One can also do part-time internships as they are a good way to earn good and prepare for the job market. Portals like Letsintern hold a great number of internships on their portal and college students can access them easily and apply to grab the best of internships.