Following are the Key Recommendations of 50th GST Council meeting held on Tuesday (July 11).– GST Council recommends Casino, Horse Racing and Online gaming to be taxed at the uniform rate of 28% on full face value.
– GST Council recommends notification of GST Appellate Tribunal by the Centre with effect from 01.08.2023.
– GST Council recommends exemption of cancer-related drugs, medicines for rare diseases and food products for special medical purposes from GST tax.
– Recommends bringing down rates from 18 percent to 5 percent on 4 items – Uncooked, unfried & extruded snack palettes, fish soluble paste, LD slag to be at par with blast furnace slag, and imitation zari thread.
– GST Council also recommends several measures for streamlining compliances in GST.
News & Image Source: Twitter (@FinMinIndia)
#dailyaawaz #newswebsite #news #newsupdate #hindinews #breakingnews #headlines #headline #newsblog #hindisamachar #latestnewsinhindi
Hindi news, हिंदी न्यूज़ , Hindi Samachar, हिंदी समाचार, Latest News in Hindi, Breaking News in Hindi, ताजा ख़बरें
