Union Finance Minister Nirmala Sitharaman said on Wednesday that the 51st GST Council meeting 28 per cent GST on online gaming and casinos is expected to be implemented from October 1.
The Centre’s move to bring the Goods and Services Tax Network (GSTN) under the purview of Prevention of Money Laundering Act (PMLA) was to empower the relevant investigating agencies to deal with tax fraud and money laundering matters, and not giving outright access to data to any party, sai
Sources told ANI that the Group of Ministers (GoM) report on online gaming, casino and horse racing along with proposed taxation around is expected to be up for deliberations. So far, the sources added there has been no consensus among the GoM members for taxing online gaming at a flat 28 pe
Sitharaman said the entire pending balance of the GST compensation cess -- a total of Rs 16,982 crore -- will be cleared and "although this amount is not available with the compensation fund as of today, we have decided to release from our own resources and the same amount will be recoupe
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will meet on February 18. The 49th GST Council meeting is likely to take up issues relating to taxation on 'pan masala' and 'gutka' companies, setting up of appellate tribunals, and GST levy on online gaming, casino, and
"In this 48th GST Council Meeting, there hasn't been any tax increase on any item. No new taxation has been brought in. Everything that has been done is to issue clarifications where ambiguity of interpretations prevailed, "Sitharaman said at the conclusion of the meeting.
Union Finance Minister Nirmala Sitharaman, who is the chairperson of the GST Council, said as many as 15 items were on agenda during today's GST Council meeting, of which eight were completed, and the remaining are to be carried forward to the next council meet.