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| Name | 53rd GST Council To Consider Quashing Retrospective Taxes For Online Gaming |
| Video Uploader | Video From Business Today |
| Upload Date | This Video Uploaded At 19-06-2024 12:00:00 |
| Video Discription | #NDAnomics #Modinomics #GSTRate #CGSTAct #FinanceMinister #NirmalaSitharaman #ModiSarkar3 The 53rd GST Council meeting scheduled for June 22nd. BT TV was the first to bring you this exclusive update: the central government is considering quashing retrospective tax for the Indian online gaming industry. This topic could be discussed on Saturday. The proposed Section 11A under the CGST Act could waive off unpaid levies for online gaming companies, providing significant relief from pending tax notices. However, it's important to note that the central government is unlikely to change the current 28% tax rate. The Fitment Panel has several key suggestions. They propose referring GST on tobacco products to the Rate Rationalisation Committee. Additionally, GST exemptions might include aerated drinks and a blanket exemption for fertilizers. There are also proposed GST rate reductions: aircraft parts from 18% to 5%, solar cookers from 18% to 5%, and carton boxes for apples from 18% to 12%. Notably, discussions on online gaming and fuel under GST have been missed for this 53rd meeting. Karishma Asoodani brings in a detailed report. #GSTCouncilMeeting #53rdGST #Section11A #GSTCouncil #TaxReforms #OnlineGaming #RetrospectiveTax #GSTUpdates #IndianEconomy #TaxRelief #FinanceNews #GSTExemptions #TaxRates ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday twitter: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/ |
| Category | News & Politics |
| Tags | Business Today | business today live | Trending news | Viral news | election | election 2024 | bjp vs congress | GST Council meeting | GST | 53rd GST | GST Council | GST Rate | Taxes For Online Gaming | nirmala sitharaman | online gaming | gst council | tax demand | gst rate rationalisation | gst rates | gst council meeting | indan economy | Budget 2024-25 | PM Modi Budget 2024 | Narendra Modi Budget 2024-25 | India's Budget 2024 | Modi 3.0 Budget Highlights | Indian Economy 2024 | NDAnomics 2024 |
