FYST

Features FYST

When you go out for a meal with family & friends, your bill has several charges and taxes, in addition to that for food.
There is a value-added tax (VAT) on food at 12.5 per cent, service tax at 5.6 per cent, a service charge at 5 per cent and a service tax on the service charge at 14 per cent.How many of us actually check the restaurant bill in detail and try to understand what the various charges and taxes are?
Most of us would perhaps only check if the amount mentioned is correct and if we have been charged for items we did not order.
If that is in order, we usually pay the bill and maybe also include a tip.
But, are we being over-charged?
It is very difficult to understand all these calculations for a normal person and that’s where FYST comes in to help you.
Simply enter your bill amount and it will calculate and explain the various components of the Service Tax that you have to pay