Input Tax Credit Withdrawal Huge Blow For Biz: Speciality Restaurants
  • WebDesk BTVI
  • Jul 18 2019

Anjan Chatterjee, CMD, Speciality Restaurants, said the overall slowdown in economy is affecting business and impacting discretionary income. He said withdrawal of input tax income hit the hotel & restaurant business badly. According to Chatterjee, online orders is the new avenue for the company. He said the company has taken steps to repair balance sheet, which will reflect in 3-4 quarters. He also informed that the firm will focus on franchise-owned company operated models.