GST Council Sets 28% Tax on Casinos, Horse Racing, Online Gaming; Reduces Rates on Select Goods; Streamlines Compliance.

GST Council Sets 28% Tax on Casinos, Horse Racing, Online Gaming; Reduces Rates on Select Goods; Streamlines Compliance. https://www.taxtmi.com/highlights?id=70847 Recommendations of 50th meeting of GST Council - GST Council recommends Casino, Horse Racing and Online gaming to be taxed at the uniform rate of 28% on full face value - Notification for GST Appellate Tribunal to be issued with effect from 01.08.2023 - Exemption from GST on cancer-related drugs, medicines for rare diseases and food products for special medical purposes - GST rates redued from 18 percent to 5 percent on 4 items i.e Uncooked, unfried & extruded snack palettes, fish soluble paste, LD slag to be at par with blast furnace slag, and imitation zari thread - Several measures for streamlining compliances in GST en-us Tue, 11 Jul 2023 21:37:41 +0530 Sat, 18 Nov 2023 21:34:01 +0530 TaxTMI RSS Generator GST Council Sets 28% Tax on Casinos, Horse Racing, Online Gaming; Reduces Rates on Select Goods; Streamlines Compliance. https://www.taxtmi.com/highlights?id=70847 Recommendations of 50th meeting of GST Council - GST Council recommends Casino, Horse Racing and Online gaming to be taxed at the uniform rate of 28% on full face value - Notification for GST Appellate Tribunal to be issued with effect from 01.08.2023 - Exemption from GST on cancer-related drugs, medicines for rare diseases and food products for special medical purposes - GST rates redued from 18 percent to 5 percent on 4 items i.e Uncooked, unfried & extruded snack palettes, fish soluble paste, LD slag to be at par with blast furnace slag, and imitation zari thread - Several measures for streamlining compliances in GST Highlights GST Tue, 11 Jul 2023 21:37:41 +0530 https://www.taxtmi.com/highlights?id=70847