Big Decision For Small Online Players: No Need For GST Registration If Sales Are Below Rs 20 Lakh
2 years, 6 months ago

Big Decision For Small Online Players: No Need For GST Registration If Sales Are Below Rs 20 Lakh

News 18  

In a move that will benefit persons in the unorganised sector, the GST Council on Wednesday decided to waive mandatory registration for small entities selling their products online. The Council has provided the “waiver of requirement of mandatory registration under section 24 of CGST Act for person supplying goods through ECOs, subject to certain conditions, such as – a) the aggregate turnover on all India basis does not exceed the turnover specified under sub-section of Section 22 of the CGST Act and notifications issued thereunder; b) the person is not making any inter-state taxable supply”, according to an official statement. With an estimated five crore MSMEs currently unable to sell online due to compulsory GST requirements, this game-changing measure can be an enabler for millions of small units, including artisans, boutiques and mom-and-pop stores. Providing a big relief to MSMEs, the Council has also extended the Rs 40-lakh threshold exemption for intra-state sales and the Rs 1.5-crore threshold under the composition scheme to online sellers.

India Tax Online Council Msme Gst  need  sector  scheme  small  tax  players  council  ecommerce  supply  lakh  online  gst  sales  registration  turnover  rs  decision

History of this topic

Can unregistered small businesses receive GST notices?
1 week, 5 days ago

Can unregistered small businesses receive GST notices?

India Today  

A recent report highlighted that the Gujarat State GST department has intensified its focus on business-to-consumer sectors, aiming to close tax compliance gaps. Officials revealed that while many registered traders underreport income, a large number of unregistered businesses exceed the GST registration threshold without complying. This raises an important question: can unregistered small businesses receive GST notices? Supreme Kothari, Partner …

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products
3 weeks, 4 days ago

55th GST Council Meeting: Raises tax on used car sales; postpones debates on insurance, 'sin' products

New Indian Express  

The 55th Goods and Services Tax Council meeting, held in Jaisalmer, Rajasthan, under Finance Minister Nirmala Sitharaman on Saturday, deferred discussions on the much-anticipated proposal to restructure GST on insurance premiums. The GST Council also postponed discussions on the widely discussed rate rationalisation for various consumer items, including so-called ‘sin’ products. Under the current GST framework, e-commerce platforms face specific …

Council may increase GST rate on all kinds of used cars to 18 per cent
3 weeks, 4 days ago

Council may increase GST rate on all kinds of used cars to 18 per cent

New Indian Express  

JAISALMER: The GST Council in its 55th meeting on Saturday is likely to announce changes in tax rates on several goods and services. As per sources, the fitment panel of the Council has decided to levy 18% GST on all kinds of used cars. The Council is likely to agree with the fitment panel’s recommendation and raise GST rate to …

GST council approves key reforms, defers decision on insurance premium tax cuts
3 weeks, 4 days ago

GST council approves key reforms, defers decision on insurance premium tax cuts

India TV News  

The Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman, made significant decisions in its 55th meeting, aimed at streamlining the taxation system and curbing tax evasion. Other exemptions and clarifications Third-Party Motor Vehicle Premiums: Contributions made by general insurance companies to the Motor Vehicle Accident Fund, established under the Motor Vehicles Act, 1988, have been exempted from …

Retailers urge FM and GST Council not to go for higher 35 pc tax rate
1 month ago

Retailers urge FM and GST Council not to go for higher 35 pc tax rate

Live Mint  

New Delhi, Dec 12 Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that …

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely
1 month, 3 weeks ago

GST Council To Meet In Jaisalmer On Dec 21; Key Decisions On Insurance And Rate Cuts Likely

ABP News  

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for December 21 in Jaisalmer, Rajasthan. The council, comprising state finance ministers, is expected to deliberate on major tax policy changes, including a decision on exempting or reducing GST rates on health and life insurance policies. Following discussions last month, the GoM has proposed …

A fresh start: On the Goods and Services Tax Council meet
6 months, 2 weeks ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

DC Edit | GST breather for easier biz?
6 months, 2 weeks ago

DC Edit | GST breather for easier biz?

Deccan Chronicle  

The recent Goods and Services Tax Council meeting was focussed on improving the ease of doing business in the country by reducing the compliance burden of businesses. According to the new limits, the department cannot appeal an adverse tax decision at the GST Appellate Tribunal unless tax involved is more than Rs 20 lakhs, at the high court Rs 1 …

53rd GST Council meeting: Co-living firms welcome proposal to exempt GST on accommodation services
6 months, 3 weeks ago

53rd GST Council meeting: Co-living firms welcome proposal to exempt GST on accommodation services

Hindustan Times  

Providing relief to students and working professionals, the GST Council has recommended exempting accommodation services having a value of supply up to ₹20,000 per person per month from goods and services tax. Providing relief to students and working professionals, the GST Council has recommended exempting accommodation services having a value of supply up to ₹ 20,000 per person per month …

FM Proposes Minimum Threshold Monetary Limit For GSTAT, High Courts And Supreme Court: 53rd GST Council Meet
6 months, 3 weeks ago

FM Proposes Minimum Threshold Monetary Limit For GSTAT, High Courts And Supreme Court: 53rd GST Council Meet

Live Law  

The 53rd GST Council meeting happened on June 22, 2024, in New Delhi, nearly eight months after the last one. Nirmala Sitharaman, chaired the 53rd GST Council.The Union Finance Minister, Niramala Sitharam, has proposed the Minimum Threshold Monetary Limit for Goods and Service Tax Appellate Tribunal, High Courts, and. The Union Finance Minister, Niramala Sitharam, has proposed the Minimum Threshold …

53rd GST Council Meet Tomorrow: What's The Key Expectations?
6 months, 3 weeks ago

53rd GST Council Meet Tomorrow: What's The Key Expectations?

Live Law  

About Eight and a half months after its previous meeting, the Center has decided to call a meeting of the Goods and Services Tax Council on June 22, 2024.Although the meeting's agenda is yet unknown, state finance ministers should bring forth ideas for an indirect tax system that might be included in the Union Budget, which is anticipated to be …

GST Council to meet on June 22, likely to review online gaming taxation
7 months ago

GST Council to meet on June 22, likely to review online gaming taxation

India TV News  

New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, is scheduled to meet on June 22 in the national capital after a gap of eight months. The council is expected to review the implementation of the 28 per cent GST on the online gaming sector. Council to review GST on online gaming The GST Council is expected to …

GST Council may soon clarify tax exemption to RERA
10 months, 2 weeks ago

GST Council may soon clarify tax exemption to RERA

Hindustan Times  

The GST Council is likely to soon clarify that Real Estate Regulatory Authority will not be required to pay Goods and Services Tax, an official said. A meeting of GST Council, chaired by Union Finance Minister and comprising state ministers, is likely to be held before the imposition of Model Code of Conduct for the general election due in April-May. …

Simplification in principal place of business norms mooted for MSMEs
1 year, 1 month ago

Simplification in principal place of business norms mooted for MSMEs

Deccan Chronicle  

New Delhi: In a move to help facilitate small business houses in the country for goods and services tax or GST registration, simplification in the principal place of business or PPoB norms has been mooted to be mandated in every state. In the interest of digitisation and reduction in their compliance burdens, the efforts taken by the government and GST …

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?
1 year, 3 months ago

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?

News 18  

52nd GST Council Meeting October 7, 2023: The upcoming 52nd GST Council Meeting, scheduled for October 7, 2023, in New Delhi, holds profound significance as it is anticipated to be a pivotal meeting in addressing various critical agenda items such as taxation of crypto and NFT tokens, clarifications on ESOP, rate rationalisation and evaluation of the progress made by individual …

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1
1 year, 3 months ago

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1

The Hindu  

From October 1, online gaming companies will charge 28% GST on full value of bets, while offshore platforms too would be required to have GST registration to operate in India. In its meetings in July and August, the GST Council, comprising finance ministers of Centre and states, had approved amendments to the law to include online gaming, casinos and horse …

Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief
1 year, 3 months ago

Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief

The Hindu  

E-gaming companies have been issued show cause notices for alleged GST evasion as per legal provisions, the head of Central Board of Indirect Taxes and Customs Sanjay Kumar Agarwal said on September 28, adding that the tax demanded is based on analysis of data. Since then, online gaming companies like Dream11 and casino operator Delta Corp have received show cause …

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs
1 year, 5 months ago

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs

Live Law  

The Union Finance Minister Nirmala Sitharaman will introduce the Central Goods and Services Tax Bill, 2023.The Goods and Services Tax will be levied at a rate of 28% on online gaming, gambling, and horse racing under legislation that the Centre plans to introduce in the Lok Sabha.Online gaming, online gambling for money, virtual digital assets used to purchase online games,. …

Bengaluru-based MPL to lay off 350 employees
1 year, 5 months ago

Bengaluru-based MPL to lay off 350 employees

Hindustan Times  

Bengaluru-based skill gaming company Mobile Premier League is set to lay off 350 people from its workforce, according to the mail sent by the company to its employees. In July, Union Finance Minister Nirmala Sitharaman in New Delhi said that the GST council has decided to levy 28% GST on online gaming, horse racing and casinos at full value. Karnataka …

GST council meet: 28% tax on online gaming effective from Oct 1, announces FM
1 year, 5 months ago

GST council meet: 28% tax on online gaming effective from Oct 1, announces FM

Hindustan Times  

28% tax on online gaming to become effective from October 1, finance minister Nirmala Sitharaman announced on Wednesday. Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax Council Meeting. The finance minister said Delhi finance minister opposed the levy of the tax on online gaming …

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months
1 year, 5 months ago

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months

News 18  

GST Council Meeting on Online Gaming: The 51st GST Council, chaired by Union Finance Minister Nirmala Sitharaman, on Wednesday decided to keep the 28 per cent tax on online gaming, casino and horse racing, and discussed the modalities to implement it. Addressing media after the Council meeting, Sitharaman said the 28 per cent GST on online gaming is expected to …

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman
1 year, 5 months ago

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman

India TV News  

Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. …

GST Council to meet on August 2 to finalise 28% online gaming tax: Report
1 year, 5 months ago

GST Council to meet on August 2 to finalise 28% online gaming tax: Report

India Today  

The Goods and Services Tax Council is scheduled to meet on August 2 to make crucial decisions on taxing funds collected by online gaming companies and casinos, reported news agency Reuters quoting a government official. The council, chaired by Finance Minister Nirmala Sitharaman and consisting of state finance ministers, will deliberate on whether to impose a 28 per cent tax …

Maharashtra to raise traders' concern after Centre brings changes in GST rules
1 year, 5 months ago

Maharashtra to raise traders' concern after Centre brings changes in GST rules

India Today  

Senior Congress leader and MLA Prithviraj Chavan objected to the Centre’s decision to bring the Goods and Service Tax Network under the purview of the Prevention of Money Laundering Act, which would permit the Enforcement Directorate to probe the matters linked to the GST. Replying to Chavan’s question, Maharashtra Finance Minister Ajit Pawar said he would raise the issue in …

Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established
1 year, 5 months ago

Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established

ABP News  

Minister of State Rajeev Chandrasekhar announced at an event that the Ministry of Electronics and Information Technology, responsible for regulating online gaming, plans to approach the GST Council to reconsider the decision to impose a 28 per cent tax on online gaming. In a recent tweet, Chandrasekhar acknowledged the evolving nature of the regulatory framework for online gaming, emphasising the …

T.N. underlines ban on online games in GST council meeting
1 year, 6 months ago

T.N. underlines ban on online games in GST council meeting

The Hindu  

The Tamil Nadu government on Tuesday, July 11, 2023 told the GST Council that any decision by it on online games should conform to the Tamil Nadu Prohibition of Online Gambling Act, 2022. During the 50th meeting of the Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman in Delhi on Tuesday, Finance Minister Thangam Thennarasu urged …

GST Council to impose 28% tax on online gaming firms
1 year, 6 months ago

GST Council to impose 28% tax on online gaming firms

The Hindu  

The Goods and Services Tax Council, at its 50th meeting on July 11, reduced or clarified the tax rate on some items ranging from uncooked or unfried snack pellets to special utility vehicles, exempted imported drugs to treat cancer and rare diseases, and brought an end to a years-long debate on tax treatment of online gaming, casinos and horse racing. …

GST Council Meeting highlights: 28% GST rate on full value of online gaming seen as setback for Indian players
1 year, 6 months ago

GST Council Meeting highlights: 28% GST rate on full value of online gaming seen as setback for Indian players

Live Mint  

GST Council meeting: The 50th GST Council has concluded in New Delhi on Tuesday. Full list of items to be costlier and cheaper after 50th GST Council meet The all-powerful Goods and Services Tax Council on Tuesday decided to impose a 28% tax on the turnover of online gaming companies, horse racing and casinos, finance minister Nirmala Sitharaman said. Online …

GST Council Meeting highlights: 28% GST rate on full value of online gaming seen as setback for Indian players
1 year, 6 months ago

GST Council Meeting highlights: 28% GST rate on full value of online gaming seen as setback for Indian players

Live Mint  

GST Council meeting: The 50th GST Council has concluded in New Delhi on Tuesday. Full list of items to be costlier and cheaper after 50th GST Council meet The all-powerful Goods and Services Tax Council on Tuesday decided to impose a 28% tax on the turnover of online gaming companies, horse racing and casinos, finance minister Nirmala Sitharaman said. Online …

50th GST council meeting: Setback for online gaming, horse racing, casinos; to attract 28% tax
1 year, 6 months ago

50th GST council meeting: Setback for online gaming, horse racing, casinos; to attract 28% tax

India TV News  

In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos. The GST Council, which held its 50th meeting under the chairmanship of Union Finance Minister Nirmala Sitharaman, decided to remove the distinction of game of skill and chance …

GST Council aims to close gold loophole
1 year, 6 months ago

GST Council aims to close gold loophole

Live Mint  

The GST Council is likely to finalize rules next week for transporting gold and precious stones worth ₹2 lakh or more by merchants so that states can monitor their movement and prevent leakages in tax collection, a person familiar with the development said. According to the proposed rules, states will be at liberty to mandate GST-registered entities to report the …

GST Council to weigh tax cuts on select items
1 year, 6 months ago

GST Council to weigh tax cuts on select items

Live Mint  

The goods and services tax Council meeting next week will discuss tax relief on certain medicines, farm products, arthroplasty implants, and services such as satellite launches by private organizations, a person with direct knowledge of the matter said. A committee of officers that reviews proposals for tax rate changes, called the fitment committee, has recommended lowering the GST rates on …

Reform reluctance: On the 49th GST council meeting
1 year, 10 months ago

Reform reluctance: On the 49th GST council meeting

The Hindu  

Meeting in person after nearly eight months, the Goods and Services Tax Council last Saturday reached a broad consensus on establishing GST Appellate Tribunals to resolve disputes under the tax regime launched in July 2017. This raises hopes of quicker disposal of GST disagreements that are adding to courts’ caseloads, but the reason for delaying this vital cog of the …

49th GST Council Meet: Approves Report Of GoM On Capacity Based Taxation & Special Composition Scheme In Certain Sectors
1 year, 10 months ago

49th GST Council Meet: Approves Report Of GoM On Capacity Based Taxation & Special Composition Scheme In Certain Sectors

Live Law  

The 49th meeting of the GST Council under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman approved the report of GoM on capacity-based taxation and special composition scheme in certain sectors on GST.The Council accepted the GoM's recommendations to stop the leaks and increase revenue collection from goods like pan masala, gutkha, and. Nirmala Sitharaman …

GST Council clears setting up tribunals, ad valorem cess on pan masala
1 year, 10 months ago

GST Council clears setting up tribunals, ad valorem cess on pan masala

Live Mint  

Goods and Services Tax Council on Saturday decided to set up appellate tribunals to resolve GST disputes, tighten the tax regime of pan masala, gutka and chewing tobacco to check tax evasion and reduce the late fee on annual return filings to small businesses, finance minister Nirmala Sitharaman, who chairs the Council, told reporters after the 49th meeting of the …

GST Council Meeting Starts; Key Matters on Agenda
1 year, 10 months ago

GST Council Meeting Starts; Key Matters on Agenda

News 18  

The GST Council meeting started here on Saturday and is likely to discuss setting up of appellate tribunals, and mechanism to curb tax evasion in pan masala and gutkha business, among other matters. Union Finance Minister Nirmala Sitharaman is chairing the 49th meeting of the GST Council. “Along with the Union Finance Minister, Union Minister of State for Finance Shri …

GST Council may take call on online game tax
2 years ago

GST Council may take call on online game tax

Deccan Chronicle  

NEW DELHI: The Goods and Services Tax Council, which is scheduled to meet on December 17, is likely to discuss a host of issues that have arisen following the recommendations of the GST fitment panel. “The Council may also discuss certain tax rate changes for various sectors like textile, insurance among others, but a rate cut in the tax on …

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman
2 years, 5 months ago

Decision on GST hike taken after all States’ consent: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on July 19 clarified the GST Council has exempted from Goods and Service Tax, all food items including wheat, pulses, rice, maize, when sold loose, and not pre-packed or pre-labelled. pic.twitter.com/U21L0dW8oG — Nirmala Sitharaman July 19, 2022 The Finance Minister explained the process of decision making on the GST rate changes for pre-packed and pre-labelled, unbranded …

GST Meet Highlights: GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted, Says FM
2 years, 6 months ago

GST Meet Highlights: GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted, Says FM

News 18  

Finance minister Nirmala Sitharaman announced the outcome of the 47th Goods and Service Tax Council meeting on Wednesday. “Highlight of this meeting was that we could consider, discuss and decide on four Group of Ministers reports on exemptions, correction of inverted duty structure, finance minister,” said while announcing the outcome of the 47th GST meeting. The GST Council also decided …

GST Council bites the bullet
2 years, 6 months ago

GST Council bites the bullet

Hindustan Times  

Decisions taken in the 47th Goods and Services Tax Council meeting are on expected lines. The five-year window for guaranteed revenue compensation to states, which was a part of the original federal agreement on GST, has not been extended. While the argument might not be palatable to state governments, especially those ruled by the Opposition, phasing out the guaranteed compensation …

GST new rates: Check full list of goods, services that get costlier, cheaper
2 years, 6 months ago

GST new rates: Check full list of goods, services that get costlier, cheaper

Live Mint  

The 47th GST council meeting was held under the chairmanship of Union finance minister Nirmala Sitharaman on Wednesday, during which, approval for changes in tax rates was given for several goods and services. Check what will get costlier in the coming month: Goods/Services Older rate New rate Printing, writing or drawing ink 12% 18% Knives, pencil sharpners, blades, forks, spoons, …

GST Council Meet: Pre-Packed Items Under GST; 28% Tax On Casino Deferred; Key Decisions
2 years, 6 months ago

GST Council Meet: Pre-Packed Items Under GST; 28% Tax On Casino Deferred; Key Decisions

News 18  

The GST Council on Wednesday decided to accept the group of ministers’ interim reports on the correction of duty inversion and exemption. The Council has also decided to impose a GST of 18 per cent on the fees charged by banks for the issue of cheques ; bring hotel rooms under Rs 1,000 per day under the 12 per cent …

GST Council Defers 28% Tax On Casinos, Online Gaming; GoM To Submit Fresh Report Till July 15
2 years, 6 months ago

GST Council Defers 28% Tax On Casinos, Online Gaming; GoM To Submit Fresh Report Till July 15

News 18  

The GST Council on Wednesday deferred the proposal to levy 28 per cent tax on casinos, online gaming, casinos and lottery, as the GST Council has given time till July 15 to the group of ministers to re-examine the issues and submit its fresh report. The finance minister added that the GoM has been given time till July 15 to …

GST Council Amends GSTR-3B, Extends GSTR-4 Deadline, Eases Compliance for Taxpayers
2 years, 6 months ago

GST Council Amends GSTR-3B, Extends GSTR-4 Deadline, Eases Compliance for Taxpayers

News 18  

To ease the burden on the taxpayers, the Goods and Service Tax Council has decided a host of changes in its two-day meeting, starting on Tuesday. In the wake of Covid-19 outbreak, the GST Council has waived requirement for filing refund claims by condoning the two-year period between March 1 2020 and February 28 2022, sources told CNBC-TV18. The GST …

Govt may put online games in 28 per cent GST tax slab, council to discuss on June 28
2 years, 6 months ago

Govt may put online games in 28 per cent GST tax slab, council to discuss on June 28

India Today  

A GST council is said to hold a meeting today, June 28, to discuss the appropriate tax slab for the online gaming industry. The panel had previously expressed its willingness to put online gaming companies that particularly offer games with stakes like rummy and poker in the 28 per cent tax slab, which may stun the growth of this emerging …

GST Council meet today: From tax on online casinos to decision on taxing crypto
2 years, 6 months ago

GST Council meet today: From tax on online casinos to decision on taxing crypto

Live Mint  

The 47th Goods and Services Tax council meeting 2022 is scheduled for today, 28 June and 29 June in Chandigarh. 47th GST Council meeting: What to expect GST rate rationalisation GST-council nominated Fitment Comittee has recommended to rationalise GST rates of a few items. An interim report of a group of ministers on rate rationalisation is likely to suggest correcting …

GST Council meet: States' compensation, easier e-comm suppliers' registration, tax tweaks on cards
2 years, 6 months ago

GST Council meet: States' compensation, easier e-comm suppliers' registration, tax tweaks on cards

India TV News  

GST Council meet: The 47th GST Council meeting that is currently underway is slated to discuss a host of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers. Further, the meeting of the Council, chaired by the Union Finance Minister Nirmala Sitharaman and comprising state …

Strengthening the GST regime
2 years, 6 months ago

Strengthening the GST regime

Hindustan Times  

The two-day meeting of the Goods and Services Tax Council that starts on Tuesday is the 47th of the body – but it is likely the most important to date. When the GST law was passed in 2017, states were assured they would be compensated for the potential loss of revenue on account of moving to the GST regime. The …

GST Council may approve 28% rate on online games, casinos, race courses
2 years, 6 months ago

GST Council may approve 28% rate on online games, casinos, race courses

Live Mint  

New Delhi: The GST Council, in its two-day meeting beginning Tuesday, is likely to clarify that 28% rate could apply to casinos, online games, and race courses, and specify the transaction value on which a proposed 28% tax would apply, bringing much-needed clarity on the taxation in these sectors. The panel has recommended that a 28% GST should be levied …

Discover Related