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GST Council Meet 2023: FM Sitharaman said that changes will be made in the GST law to state that these three supplies are not actionable claims, like that of lottery and betting.
28% GST will curtail the skill gaming sector's potential and create entry barriers for startups, impacting the vision of making India an online gaming hub, says an expert
The GST Council is chaired by the Union Finance Minister and comprises ministers from every state and Union Territory
The 50th GST Council meeting concluded with a reduction in GST rates on certain items, exemption of GST on imported pharma products, and a 28% tax on online gaming. Also, a host of items saw GST rate reduction to 5% from the earlier 18% tax bracket.
The GST Council, a constitutional body, is in charge of making recommendations on the implementation of the GST in India and holds its meeting on a regular basis to discuss and make decisions on various GST-related issues, , 50th GST Council, finance ministry, nirmala sitharaman, GST Rate, online gaming