KV Network

GST Council to decide on taxation on online gaming, definition of MUVs; tighten norms for registration, ITC claims

GST Council to decide on taxation on online gaming, definition of MUVs; tighten norms for registration, ITC claims
Decrease Font Size Increase Font Size Text Size Print This Page

New Delhi, Jul 10 (PTI) The GST Council at its meeting on Tuesday is likely to deliberate on a host of issues including taxation of online gaming, definition of utility vehicles and tightening of norms for registration and claiming ITC.

The Council, chaired by Union finance minister and comprising state representatives, is also likely to clarify on GST rates applicable on food and beverages sold in multiplexes, exempt GST on import of cancer drug Dinutuximab, and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases.

It is also expected to finalise contours for setting up appellate tribunal, and demand of the industry for reimbursement of full CGST and 50 per cent IGST in 11 hill states under the ‘scheme for budgetary support’.


KV Network

Kashmir Vision cover all daily updates for the newspaper

Leave a Reply

Your email address will not be published. Required fields are marked *