No new tax or hike in GST Council meeting today: FM
The agenda on the GoM report on casinos, race courses and online gaming, and setting up of GST Tribunals could not be taken in today’s meeting.
The agenda on the GoM report on casinos, race courses and online gaming, and setting up of GST Tribunals could not be taken in today’s meeting.
A group of ministers under the GST Council has recommended 28% GST on online gaming, casinos and horse racing on the lines of betting.
The need to make states fiscally more empowered can’t be overstated; SC’s recent order paves the way for discretionary space in GST to enable this, which states may rush to occupy.
Top sources say the Council will discuss hiked GST rate on textile, which has been opposed by trade bodies due to feared loss of business.