Tag: gst

GST News: To tax at 18% or 28%? The GST Conundrum for skill gaming sector
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GST News: To tax at 18% or 28%? The GST Conundrum for skill gaming sector

In August 2022 the Group of Ministers (GoM) will suggest a GST regime for lottery, casino, and gaming businesses. In this article, we discuss the…

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gst council: From canteen to medical insurance, GST Council provides much-awaited relief on employee perks
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gst council: From canteen to medical insurance, GST Council provides much-awaited relief on employee perks

In the last meeting, the GST Council promised to issue clarifications relating to various Input Tax Credit (ITC) issues under GST. Keeping its promise, the…

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GST Rate Revised List of goods that will increase in price - INFC E Paper
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GST Rate Revised: List of goods that will increase in price

Consumers may have to fork over more money starting on July 18 as a result of the GST Council’s approval of a rate increase to…

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tax law: How uniformity in tax law made a common national market
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tax law: How uniformity in tax law made a common national market

One of the major positives of the GST roll-out is the consolidation of over a dozen indirect taxes into a single tax. Also, unlike the…

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New GST googly: Gifted IPL tickets are no longer free

Complementary Indian Premier League (IPL) tickets given or gifted to anyone free of cost would still attract Goods and Services Tax (GST) as there is…

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Gaming GST Rates: GST on gaming and gambling: Don’t ‘game over’ before it has even begun
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Gaming GST Rates: GST on gaming and gambling: Don’t ‘game over’ before it has even begun

Shifting the spotlight on to players will have ruinous implications far and wide. Similarly, the decision to impose a one-time 28% tax on customers in…

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GST Council: Panel on GST Appellate Tribunal formed, report by month-end
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GST Council: Panel on GST Appellate Tribunal formed, report by month-end

The Goods and Services Tax (GST) Council has set up a six-member group of ministers (GoM), headed by Haryana deputy chief minister Dushyant Chautala, to…

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gst news: GST 2.0 may be free of jurisdiction: Vivek Johri, chairman, CBIC

India could consider a significant shift in the Goods and Services Tax (GST) including a jurisdiction-free regime as part of the next set of reforms…

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GST rules: Govt notifies procedural changes in GST rules, interest to be charged for wrongful credit availment
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GST rules: Govt notifies procedural changes in GST rules, interest to be charged for wrongful credit availment

The government has notified a host of procedural changes in the GST rules, including levy of interest for wrongful utilisation of ITC and turnover threshold…

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zero rating GST: FICCI bats for bringing healthcare under zero-rating GST
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zero rating GST: FICCI bats for bringing healthcare under zero-rating GST

The exclusion of healthcare from the goods and services tax regime is leading to stranded input tax credit (ITC) according to the Federation of Indian…

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