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According to Pratik Jain, Partner and National Leader for Indirect Tax in PwC, UP’s focus on capital expenditure may be boosting its revenues, especially given roads and infrastructure construction involves GST levies on several levels such as contractors and cement.
The increased GST rate on online real-money gaming industry has impacted the sector adversely, causing some of the gaming platforms to announce closure of business and layoffs
Experts, industry association welcome decision, say it upholds difference between games of skill and chance
Some experts say they do not see any material change from the GST standpoint post the CBIC clarification. However, in instances relating to renting of commercial spaces, if the electricity is being charged on a cost to cost basis (with adequate justification), then a position may be taken to not levy GST on such amount
GST on gaming, casinos and horse racing, which has faced several challenges at the Group of Ministers’ level and at the GST Council meeting, was opposed by several states