Zomato, Swiggy, NRAI Push Budget 2026 For ITC Restoration, GST Rationalisation

Food delivery ecosystem is lobbying ahead of the February 1 Budget for restoration of input tax credit for restaurants currently under 5% GST without ITC, alongside TCS clarity, ESOP tax fixes and gig-worker welfare incentives. Outcome could materially reset margins across the restaurant and aggregator stack.

— FiledSat, 20 Jun, 2026, 01:25 IST·First seen Sat, 20 Jun, 2026, 01:17 IST·Source Moneycontrol · Results

What happened

Food delivery ecosystem including Zomato, Swiggy and NRAI is lobbying for Budget 2026 tax relief, seeking ITC restoration for restaurants, GST rationalisation,

Key facts

  • 5% GST
  • Feb 1 Budget

Why this matters

Restaurant M&A multiples and JV economics are in flux until Budget clarity lands—structure any near-term deals with GST-regime contingency clauses or delay LOIs past February 1.