The Goods and Services Tax (GST) Council will meet to discuss various matters including extending the concessional tax rate on vehicles for visually impaired persons, exemption on millets sold in powdered form, and clarifying tax on bank and corporate guarantees. The committee responsible for tax rates has rejected proposals including reducing GST on lithium-ion batteries, reducing compensation cess on cigarettes, and tax exemption for flying training institutes.
The agenda for the meeting is still being worked upon and will be finalised by the end of this week, officials said. "The 52nd meeting of the GST Council will be held on 7th October, 2023 at Vigyan Bhawan , New Delhi," the central Board of Indirect Taxes and Customs said in a post on X.
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The Goods and Services Tax (GST) Council in India will discuss a proposal to reduce taxes on food and beverages sold in cinema halls from 18% to 5%. The move is in response to complaints from the Multiplex Association of India, which represents cinema owners. Lower taxes are expected to make cinema visits more affordable and boost revenue for theatre owners. The film industry in India has been struggling to recover from the impact of the COVID-19 pandemic, with Bollywood releases remaining inconsistent and box office earnings falling short of pre-pandemic levels.