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The food preparation of millet flour containing at least 70 per cent of composition by weight, will have nil GST when sold loose without branding, said FM Sitharaman

GST Council meet: Tax on millet flour scrapped; alcohol for consumption exempted; GST on...

PGurus Newsdesk - 0
GST council cuts taxes on millet flour On Saturday, the GST Council exempted millet flour from GST. However, branded millet products will attract a GST...
On July 11, the GST council decided that there will be a 28 percent GST levy on full value of gaming, horse racing and casinos

GST council to take final call on 28% levy on online gaming, casinos &...

PGurus Newsdesk - 1
Key decision on 28% tax on online gaming expected in today’s GST council meeting On Wednesday, the GST council will take a final call on...
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

GST Council decides to impose 28 pc tax on turnover of online gaming firms,...

Team PGurus - 0
Online gaming to be taxed at 28%, no GST on drugs for rare diseases The all-powerful Goods and Services Tax (GST) Council of India on Tuesday...
Council's Fitment Committee had recommended to the GST Council that MUVs and XUVs should be defined at par with SUVs for levying GST

GST Council likely to take a call on taxing heavy utility vehicles, horse racing,...

PGurus Newsdesk - 0
GST mechanism for online gaming, casinos & horse racing to dominate the proceedings Headed by Union Finance Minister Nirmala Sitharaman, the GST Council in its...
The Finance Ministry may consider imposing countervailing duty on steel imports from China

GST Council may mull steps to prevent fake generation of Input Tax Credit: Official

PGurus Newsdesk - 0
GST Council meet on July 11, likely to discuss steps to prevent fake generation of Input Tax Credit Chairman of Central Board of Indirect Taxes...
Currently, online gaming attracts 18 percent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals

GST Council to hold virtual meet; the panel of state ministers to look into...

PGurus Newsdesk - 0
The 48th meet of the GST Council to be held on Saturday After a gap of nearly six months, the meeting of the GST Council,...
Excessive taxation due to GST could lead to job loss, less tax revenue

GST Council should exempt Service Exporters from Tax

Sree Iyer - 10
The Goods and Services Tax (GST) can have an adverse affect on a group of companies that GST terms as Service Exporters. Imagine an...
A host of online gaming, like Dream11, and casino operator, like Delta Corp, have received GST show cause notices last month for alleged short payment of taxes

GST authorities issue Rs.1 lakh crore show cause notice to online gaming companies

PGurus Newsdesk - 0
Online gaming firms face GST hurdle over tax evasion The Goods and Services Tax (GST) authorities issued show cause notices demanding as much as Rs.1...
In 2020-21, as many as 12,596 cases of GST evasion were detected, while in 2022-23, the cases rose by 23.5 percent to 15,562

GST evasion cases surge 23.5% in 2 years; 166% rise in detection in value...

PGurus Newsdesk - 0
In 2022-23, Rs.33,226 cr were recovered in terms of GST evaded from 15,562 cases detected As per Finance Ministry data, there has been a rise...
GST Council decided to tax services supplied by courts and tribunals under the reverse charge mechanism

FM Sitharaman says GST compensation cess of Rs.16,982 cr to states will be cleared

PGurus Newsdesk - 0
GST Council key outcomes: Tax on liquid jaggery reduced; okays setting up tribunals, specific levy for pan masala firms While addressing a press conference soon...
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