India’s GST Council made recommendations on changes in tax rates, trade facilitation, and GST compliance at its 50th meeting on July 11, 2023. One of the key recommendations was to increase the GST rate on online gaming from 18% to 28%, aligning it with casinos and horse racing. Relevant amendments to the Central Goods and Services Tax Act 2017 will be made to implement the change.
Source Orbitax
Latest Posts in "India"
- IndiGo Seeks Rs 900 Crore Customs Duty Refund on Re-Imported Aircraft Parts After Repairs
- Distribution of Common Input Service Credit by ISD: Purpose, Scope, and Procedure under GST
- Punjab Taxpayers to Hold Statewide Protest Over Delayed GST, VAT Refunds on December 12
- India to Impose New Health and Security Tax on Tobacco Machinery, Amend GST Compensation Levy
- Punjab Trade, Tax Bodies Threaten Statewide Stir Over Delayed VAT, GST Refunds
