Stay updated with breaking news from Gst Levy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The online gaming industry had been lobbying with the government to defer the new regime for some time to get their internal IT systems ready for it.
Taxing online gaming to the point of “unviability,” contradicts the Prime Minister’s vision to be a leader in the online gaming space, the letter, which was signed by Mobile Premier League, Winzo, and industry associations representing companies like Dream11, among others said.
MeitY will seek consideration separately for games of skill
Single packages of unbranded pre-packed and labelled food items like cereals, pulses and flour weighing in excess of 25 kg are exempt from 5 per cent GST levy.
Is GST applicable for skipping notice period and canteen food? It’s a yes and no A recent decision by the Gujarat Authority for Advance Rulings has ruled in a case for imposition of 18 percent GST on the recovery of notice pay from employees who skip serving this period. A similar 5 percent GST is also applicable on food sold in canteens. January 13, 2021 / 06:38 PM IST The Gujarat Authority for Advance Rulings (GAAR) has held that an employee exiting a company without completing their notice period would be liable to pay 18 percent goods and services tax (GST) on the recovery of the ...