Federal indirect tax body, the Goods and Services Tax (GST) Council, is set to meet in Goa on Friday amid demands from the industry for a fiscal stimulus. Here are the five things to expect from the meeting to be chaired by union finance minister Nirmala Sitharaman.
1) Tax rate cut on luxury hotels
2) Tax cut on outdoor catering services
3) Single rate for lottery tickets
4) Compliance relief for small businesses
5) Discussion on the extension of GST cess
Source: a2ztaxcorp.com
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