GST council's 50th meet today; taxation on gaming, MUV definition on agenda
The Union finance minister-headed panel is likely to deliberate on a host of other issues as well.
Source: hindustantimes.com
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50th GST Council Meeting Decisions: GST Reduced On 4 Items, Cancer Drug Exempted
50th GST Council Meeting: Finance Minister Nirmala Sitharaman is addressing a press conference after the GST council meeting, Here are some of the topics that are likely to be discussed at the The Goods and Services Tax (GST) Council Expectations
Source: news18.com
GST Council: GST Council Meet: 28% GST will be levied on online gaming, horse racing, casinos on full value
The Indian Goods and Services Tax (GST) Council has announced its decision to impose a 28% GST on three supplies, including online gaming, casinos and horse racing. The council has also reduced the GST on restaurants inside cineplexes from 18% to 5%, exempted the GST on cancer drug Dinutuximab and food for special medical purposes (FSMP).
Source: indiatimes.com
GST Council Meet 2023: Tax incidence on MUVs to increase with 22% cess
GST Council Meet 2023: GST cess has been increased from current 20% to 22% in MUVs that meet the length, engine criteria. Tax incidence on companies will increase by 2%.
Source: moneycontrol.com
GST Council Likely To Exempt IGST On Cancer Drug Import, 5% For F&B At Multiplexes
The GST Council at its next meeting on Tuesday is likely to exempt cancer medicine Dinutuximab imported by individuals from tax, decide on applicability of GST on food or beverages served in multiplexes and come out with a clear definition of utility vehicles for levying a 22 per cent cess, sources said.
Source: ndtv.com