Live Breaking News & Updates on St council meeting
Stay updated with breaking news from St council meeting. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
GST Council Meet 2023 Live : The 52nd meeting of the GST council will take place in the capital city, as announced in a social media post by the council. However, the post did not disclose the precise topics or agenda for the meeting.
GST council meeting: A range of key issues are expected to be discussed, including reduction in GST rates for millet flour food preparations, clarification on the taxation of data centers, approval of a proposal for millet flour with over 70 percent content, and discussions on corporate and bank guarantees.
The GST Council is reported to have endorsed the recommendation presented by the fitment committee. This proposal seeks to lower GST rates to 5 percent on products where millet flour makes up over 70 percent of the composition., Economy News, Times Now
Previously, online gaming companies paid 18 percent tax on the platform fees because the law was ambiguous, while betting and gambling always fell under the 28 percent slab.
The amendments also make registration mandatory for offshore e-gaming companies operating in India. It also provides for blocking of access in case offshore platforms fail to comply with GST registration and tax payment norms.