From 5% to 28% GST rates, here are key highlights of 50th GST council meeting
  • 12 Jul 2023 06:23 PM
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From 5% to 28% GST rates, here are key highlights of 50th GST council meeting

Source: https://www.livemint.com/news/india/from-5-to-28-gst-rates-here-are-key-highlights-of-50th-gst-council-meeting-11689092156251.html

The 50th meeting of the GST Council concluded on Tuesday with the goods and services tax rate trimmed down to 5% in four items. Also, the council exempted GST on several imported pharma products. However, one of the biggest highlights was the 28% tax rate imposed on the full value of online gaming which is likely a setback for Indian players. The Revenue Secretary also clarified concerns related to ED interference in GSTN.

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'Implementation of 28% GST rate will bring challenges to online gaming industry'
  • 12 Jul 2023 06:20 PM
  • New

'Implementation of 28% GST rate will bring challenges to online gaming industry'

Source: https://www.livemint.com/economy/implementation-of-28-gst-rate-will-bring-challenges-to-online-gaming-industry-11689091580915.html

Finance Minister Nirmala Sitharaman on Tuesday said that the GST Council has decided to impose 28% tax on the turnover of online gaming, horse racing and casinos on full face value.

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Online gaming industry hit by 28% tax; industry experts flag red, ask to rethink
  • 12 Jul 2023 06:08 PM

Online gaming industry hit by 28% tax; industry experts flag red, ask to rethink

Source: https://www.livemint.com/economy/online-gaming-industry-hit-by-28-tax-industry-experts-flag-red-ask-to-rethink-11689092197444.html

‘It was good fun being part of the fantasy gaming industry - which stands murdered now. $10 Bn down the drain in this monsoon’, said Ashneer Grover

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Ashneer Grover slams govt over 28% GST on online gaming: 'Time to enter politics or....'
  • 12 Jul 2023 06:00 PM

Ashneer Grover slams govt over 28% GST on online gaming: 'Time to enter politics or....'

Source: https://www.livemint.com/news/india/ashneer-grover-slams-govt-over-28-gst-on-online-gaming-time-to-enter-politics-or-11689090278486.html

Ashneer Grover had recently launched his own fantasy gaming named Crickpe
GST Council has decided that online gaming, casinos, and horse racing will be taxed at 28%

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GST Council decides on 28% tax on online gaming, horse racing, casinos; exempts tax on certain imported drugs
  • 12 Jul 2023 06:30 PM

GST Council decides on 28% tax on online gaming, horse racing, casinos; exempts tax on certain imported drugs

Source: https://www.livemint.com/news/india/gst-council-decides-on-28-tax-on-online-gaming-horse-racing-casinos-exempts-tax-on-certain-imported-drugs-11689102871115.html

New Delhi: Federal indirect tax body the Goods and Services Tax (GST) Council on Tuesday exempted integrated GST (IGST) levied on select drugs when imported for personal use, redefined sports utility vehicles to prevent car makers side stepping the highest tax bracket and decided on levying 28% uniform GST on online gaming, horse racing and casinos on the full-face value of bets.

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New data tools can help analyse pixel-level economic dynamics
  • 12 Jul 2023 05:57 PM

New data tools can help analyse pixel-level economic dynamics

Source: https://www.livemint.com/opinion/online-views/new-data-tools-can-help-analyse-pixel-level-economic-dynamics-11689089846961.html

India was internally reorganized when the system of linguistic states was created in the first two decades after Independence. B.R. Ambedkar gave a succinct summary of the underlying principles: every state would have one dominant language, but every linguistic group need not be consolidated into a single state, which is why there are multiple Hindi-speaking states or why we have two Telugu states today.

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