https://taxguru.in/company-law/50th-gst-council-meetings-15-major-decisions.html Clipped from: https://taxguru.in/company-law/50th-gst-council-meetings-15-major-decisions.html The 50th Meeting of the GST Council was held on 11th July 2023 in New Delhi, under the chairpersonship of the Union
Category: GST
🙏Can online gaming companies survive the 28% GST? – The Hindu BusinessLine
https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece The Internet and Mobile Association of India is opposed to the levy but the govt says it is necessary to curb gambling addiction
Online gaming players write to Finance Minister, PM, to reconsider 28 per cent GST – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/online-gaming-players-write-to-finance-minister-pm-to-reconsider-28-per-cent-gst/article67079579.ece lipped from: https://www.thehindubusinessline.com/news/online-gaming-players-write-to-finance-minister-pm-to-reconsider-28-per-cent-gst/article67079579.ece The decision to impose 28 per cent GST ‘will have significant adverse effects on our community,’ they said A group of players
Indian online gaming firms relocating to avoid tax will be risky: Official
https://www.business-standard.com/economy/news/indian-online-gaming-firms-relocating-to-avoid-tax-will-be-risky-official-123071301057_1.html Clipped from: https://www.business-standard.com/economy/news/indian-online-gaming-firms-relocating-to-avoid-tax-will-be-risky-official-123071301057_1.html Indian online gaming firms planning to relocate overseas to avoid a new 28% tax on the sector run the risk of violating
👍👍👍👍👍No GST on replacement of parts during warranty period, says council
https://www.business-standard.com/economy/news/no-gst-on-replacement-of-parts-during-warranty-period-says-council-123071400450_1.html Clipped from: https://www.business-standard.com/economy/news/no-gst-on-replacement-of-parts-during-warranty-period-says-council-123071400450_1.html Clarification provides certainty on the tax treatment of warranty repairs, say experts Listen to This Article The GST council has spoken on
🙏Work in progress: The Hindu Editorial on the GST Council meet and issues – The Hindu
https://www.thehindu.com/opinion/editorial/work-in-progress-the-hindu-editorial-on-the-gst-council-meet-and-issues/article67076337.ece Clipped from: https://www.thehindu.com/opinion/editorial/work-in-progress-the-hindu-editorial-on-the-gst-council-meet-and-issues/article67076337.ece The 50th GST Council meet lifts the fog on many areas; execution holds the key Meeting after nearly five months, the Goods
GST authorities to roll out biometric-based Aadhaar authentication of suspicious registration applicants – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/gst-authorities-to-roll-out-biometric-based-aadhaar-authentication-of-suspicious-registration-applicants/article67075905.ece Clipped from: https://www.thehindubusinessline.com/economy/gst-authorities-to-roll-out-biometric-based-aadhaar-authentication-of-suspicious-registration-applicants/article67075905.ece Special joint drive against fake registration may be extended beyond July 15,says Revenue Secretary GST Administration will soon begin a pilot for
Express View on GST on online gaming: The bets are off | The Indian Express
https://indianexpress.com/article/opinion/editorials/express-view-on-gst-on-online-gaming-the-bets-are-off-8831661/ Clipped from: https://indianexpress.com/article/opinion/editorials/express-view-on-gst-on-online-gaming-the-bets-are-off-8831661/ Morality trumps economics in GST decision on gaming. That shrinks jobs, hurts a growing services sector, sends all the wrong signals In
GST authorities to roll out biometric-based Aadhaar authentication of suspicious registration applicants – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/gst-authorities-to-roll-out-biometric-based-aadhaar-authentication-of-suspicious-registration-applicants/article67075905.ece lipped from: https://www.thehindubusinessline.com/news/gst-authorities-to-roll-out-biometric-based-aadhaar-authentication-of-suspicious-registration-applicants/article67075905.ece Special joint drive against fake registration may be extended beyond July 15,says Revenue Secretary GST Administration will soon begin a pilot for
Game over: GST Council has inexplicably failed to recognise clear distinction between game of skill and chance | The Financial Express
https://www.financialexpress.com/opinion/game-over-gst-council-has-inexplicably-failed-to-recognise-clear-distinction-between-game-of-skill-and-chance/3167689/ Clipped from: https://www.financialexpress.com/opinion/game-over-gst-council-has-inexplicably-failed-to-recognise-clear-distinction-between-game-of-skill-and-chance/3167689/ The Council has brought at par the taxation structure for the online gaming space with that for lottery, betting and gambling. X
👍👍👍👍👍Holding shares in firms’ subsidiaries exempted, clarifies GST Council
https://www.business-standard.com/economy/news/gst-council-says-mere-holding-of-shares-in-subsidiaries-exempt-of-gst-123071200713_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-says-mere-holding-of-shares-in-subsidiaries-exempt-of-gst-123071200713_1.html The clarification came amid GST officers sending notices to both Indian and foreign companies, demanding tax on share capital held in their
🙏GST Council decides to levy uniform taxation for utility vehicles
https://www.business-standard.com/industry/auto/gst-council-decides-to-levy-uniform-taxation-for-utility-vehicles-123071101059_1.html Clipped from: https://www.business-standard.com/industry/auto/gst-council-decides-to-levy-uniform-taxation-for-utility-vehicles-123071101059_1.html India’s Goods and Services Tax (GST) Council said that uniform taxation would be levied on multi-utility vehicles and sports utility vehicles, according
🙏Cinema industry welcomes cutting GST rates on food served in movie theatres
https://www.business-standard.com/industry/news/cinema-industry-welcomes-cutting-gst-rates-on-food-served-in-movie-theatres-123071101048_1.html lipped from: https://www.business-standard.com/industry/news/cinema-industry-welcomes-cutting-gst-rates-on-food-served-in-movie-theatres-123071101048_1.html Multiplex operators welcomed GST Council’s decision to lower tax rates on food and beverages sold in cinema halls, saying it will help
👍Centre has ‘murdered’ online gaming with 28% GST, says Ashneer Grover
https://www.business-standard.com/economy/news/centre-has-murdered-online-gaming-with-28-gst-says-ashneer-grover-123071200253_1.html Clipped from: https://www.business-standard.com/economy/news/centre-has-murdered-online-gaming-with-28-gst-says-ashneer-grover-123071200253_1.html The new tax puts fantasy gaming tax at the same level as gambling and betting Former Bharatpe Co-founder and MD Ashneer Grover
👍GST appellate tribunal will improve ease of doing business
Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi.
No review or roll-back; GST move unanimous: Revenue Secy Sanjay Malhotra
https://www.business-standard.com/economy/interviews/imposing-28-gst-on-entire-face-value-a-unanimous-decision-revenue-secy-123071200964_1.html Clipped from: https://www.business-standard.com/economy/interviews/imposing-28-gst-on-entire-face-value-a-unanimous-decision-revenue-secy-123071200964_1.html “I don’t think that the demand for these vehicles is so ‘elastic’ that a small tax change could impact the market drastically”
Amendment for online gaming, casinos, horse racing not retrospective, just clarificatory:Revenue Secretary – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/amendment-for-online-gaming-casinos-horse-racing-not-retrospective-just-clarificatoryrevenue-secretary/article67072773.ece Clipped from: https://www.thehindubusinessline.com/economy/amendment-for-online-gaming-casinos-horse-racing-not-retrospective-just-clarificatoryrevenue-secretary/article67072773.ece GST rates on online gaming, casinos, and horse racing were always 28% and 28% were always on the face value: Revenue Secretary
Mechanism to provide level playing field between domestic, foreign online gaming companies, says Revenue Secretary – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/mechanism-to-provide-level-playing-field-between-domestic-foreign-online-gaming-companies-says-revenue-secretary/article67072653.ece Clipped from: https://www.thehindubusinessline.com/economy/mechanism-to-provide-level-playing-field-between-domestic-foreign-online-gaming-companies-says-revenue-secretary/article67072653.ece New Group of Ministers on Rate Rationalisation will be reconstituted soon, says Sanjay Malhotra Revenue Secretary Sanjay Malhotra on Wednesday said the
Exempt small suppliers making inter-state supplies on E-commerce from GST registration: GTRI | The Financial Express
https://www.financialexpress.com/industry/sme/msme-eodb-exempt-small-suppliers-making-inter-state-supplies-on-e-commerce-from-gst-registration-gtri/3164761/ Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-exempt-small-suppliers-making-inter-state-supplies-on-e-commerce-from-gst-registration-gtri/3164761/ Ease of Doing Business for MSMEs: The GST Council has already exempted small businesses that make intra-state supplies through e-commerce platforms from
GST Council may have erred in its policy on gambling – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/gst-council-may-have-erred-in-its-policy-on-gambling/article67071723.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/gst-council-may-have-erred-in-its-policy-on-gambling/article67071723.ece The 28 per cent GST on betting amount will add to the existing burden of commission/fee payable to the facilitator, and if
aniltikotekar4sme.com 