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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).
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).
The prices from oil to atta and across essentials have soared because of supply-driven shortages, and the new GST rates on these commodities will add to the already-stretched household budgets.