Finance Ministry Proposes Two-Tier GST Structure To Boost Consumption And Growth
The Finance Ministry sent a proposal to the GST Council for a new two-tier GST structure with rates of 5% and 18% for all goods.
Amit Shah To Lead Talks On GST Overhaul Amid Revenue Loss Concerns
Home Minister Amit Shah will lead talks with states and ministries to fast-track the long-pending GST overhaul.
GST Council Eases Process For Small Businesses And Skill Providers, Clarifies EV Taxation
Finance Minister Nirmala Sitharaman announced key decisions after the 55th GST Council meeting, aimed at simplifying the GST process for small businesses and skill training providers.
GST Council Chooses To Reduce Molasses Tax To 5%
ENA (potable alcohol) for human consumption will be exempt from GST
GST Council Likely To Block Online Games Evading Taxes
There have been worries that by operating from abroad, internet gambling platforms would avoid paying GST. However, one official claimed that in these situations, the tax administration will deduct GST from the payment sources.
Finance Minister Announces Changes In GST Rates; Twitter Floods With Reactions
Surprisingly, the most pressing concern for the public, out of all the amendments is of online gaming. The finance minister made it public that the taxes on online games will be 28 percent.
GST Council To Impose 28% Tax On Turnover Of Online Gaming Firms, Horse Racing, Casinos
The tax on online gaming companies would be imposed without making any differentiation based on whether the games required skill or were based on chance.
