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Biometrics for GST registration soon; rate talks to begin in next meeting: FM
Sitharaman says the 53rd GST Council meeting has taken a lot of decisions on trade facilitation, and easing compliance burden to give relief to the taxpayers
Sitharaman says the 53rd GST Council meeting has taken a lot of decisions on trade facilitation, and easing compliance burden to give relief to the taxpayers
The agenda for the meeting is not known yet.
Clarifications and clear definitions of various aspects of monetary bets, deposits, use of digital virtual assets in the gaming ecosystem are likely to be taken up by the GST Council.
Amid major push back from the online gaming industry against the 28% GST imposed on the sector last month, the Centre has indicated that the high slab on the sector is here to stay.
The GST Council has proposed to levy 28% uniform tax on online gaming, casinos and horse racing.
Deo pointed out in the letter that states need to be compensated beyond 2022 as they are still suffering great losses.
While the decision will provide a breather to the textile sector, experts believe that a permanent solution is needed in the matter.
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.