The upcoming GST Council meeting is expected to address various issues, including a review of the 28% GST on online gaming, an amnesty scheme for tax disputes, and pre-Budget discussions. The meeting may not reduce the tax on online gaming but could provide clarifications. The agenda is yet to be finalized, and the Council may also discuss lowering the pre-deposit tax rate to 7.5%. Businesses are urging the Council to prioritize the amnesty scheme to clear tax disputes and reduce the burden of court cases. Additionally, the Council may clarify the GST treatment on foreign airlines and shipping lines, addressing the tax notices received by many of them.
Source A2ztaxcorp
Latest Posts in "India"
- TNVS Demands Tax Cuts on Tractors and Diesel for Farmers
- Ludhiana Police Book Nine Firms in GST Fraud Crackdown
- Hyderabad GST Evasion Surges as One-Third of Dealers Fail to File Returns
- Ludhiana Police Crack Down on GST Fraud Network
- High Court Clarifies GST Treatment of Corporate Guarantees Without Consideration
