Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>GST Council Proposes 28% Tax on Gaming, Exempts Cancer Drugs, Plans Appellate Tribunal, and Streamlines Compliance Measures.</h1> The GST Council's 50th meeting recommended several changes, including a 28% tax on casinos, horse racing, and online gaming. The Council proposed exemptions for cancer drugs and medicines for rare diseases, and reduced GST rates on certain items like snack pellets and imitation zari thread. It advised establishing the GST Appellate Tribunal from August 2023 and recommended measures to streamline GST compliance, such as extending annual return exemptions for small taxpayers and clarifying GST liabilities. The Council also suggested amendments to improve registration processes and address ITC mismatches, aiming to enhance compliance and reduce fraud.