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
Category: GST
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
GST Council okays 28% tax on online gaming, casinos and horse racing
https://www.business-standard.com/economy/news/gst-council-okays-28-tax-on-online-gaming-casinos-and-horse-racing-123071101097_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-okays-28-tax-on-online-gaming-casinos-and-horse-racing-123071101097_1.html To be levied on full face value; effective roll-out after amendments to GST law Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay
28 per cent GST an existential threat, say online gaming companies – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/28-per-cent-gst-an-existential-threat-say-online-gaming-companies/article67068569.ece lipped from: https://www.thehindubusinessline.com/news/28-per-cent-gst-an-existential-threat-say-online-gaming-companies/article67068569.ece The decision will lead to lakhs of job losses: The All India Gaming Federation chief Online gaming companies have reacted strongly to
Uniform 28% GST on full face value of casino, online game, horse race bets – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/uniform-28-gst-on-full-face-value-in-online-gaming-casino-horse-racing/article67068855.ece Clipped from: https://www.thehindubusinessline.com/economy/uniform-28-gst-on-full-face-value-in-online-gaming-casino-horse-racing/article67068855.ece The Council recommended that amendments be made in the law to include online gaming and horse racing in Schedule III as taxable
GST Council meeting: Onus of deducting TCS may be on ONDC sellers
https://www.business-standard.com/finance/news/gst-council-meeting-tcs-liability-might-be-on-seller-app-on-ondc-123070900515_1.html Clipped from: https://www.business-standard.com/finance/news/gst-council-meeting-tcs-liability-might-be-on-seller-app-on-ondc-123070900515_1.html Tuesday’s GST Council meet likely to put out clarification Photo via @ONDC_Official on Twitter Listen to This Article The Goods and Services
IBA urges Centre to reduce GST on carbonated fruit drinks – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/iba-urges-centre-to-reduce-gst-on-carbonated-fruit-drinks/article67064678.ece lipped from: https://www.thehindubusinessline.com/economy/iba-urges-centre-to-reduce-gst-on-carbonated-fruit-drinks/article67064678.ece Currently, carbonated fruit drinks attracts 40 per cent GST including 12 per cent compensation cess The Indian Beverage Association (IBA) has urged
New GST rules on anvil; biz may have to explain discrepancy in ITC claims – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/new-gst-rules-on-anvil-biz-may-have-to-explain-discrepancy-in-itc-claims/article67060015.ece Clipped from: https://www.thehindubusinessline.com/economy/new-gst-rules-on-anvil-biz-may-have-to-explain-discrepancy-in-itc-claims/article67060015.ece GST Council is likely to take a final call on the recommendation of the Law Committee in its 50th meeting on July
E-way bill generation declines in June, may impact GST collection in July – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/e-way-bill-generation-declines-in-june-may-impact-gst-collection-in-july/article67060067.ece Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-declines-in-june-may-impact-gst-collection-in-july/article67060067.ece E-way bills are electronic documents generated for the movement of goods and payment of taxes. E-way bill generation came down to 8.60
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