Gst Gom

GoM for different GST on sports betting, casinos and horse racing

Group of ministers to seek legal opinion for the move

Ministerial group meeting on online gaming inconclusive over legal issues

Next meeting likely in New Delhi by month end; final report by August 10

GST council meeting takes no decision on extending compensation to states

New rates for some items, removal of exemptions with effect from July 18

GST Council tilts towards rate hikes, drops exemptions for many items

Okays removing the exemption on mass consumption items

GST Council meeting next week may consider e-way bill for gold transport

Likely to take up GoM report on feasibility of system for intra-state movement of precious metals

GoM not in favour of sugar cess, moots lowering of GST on ethanol to 12%

GoM may look at the option of levying 1 per cent agriculture cess on luxury goods which could imposed to deal with any unforeseen circumstances in the farm sector

Himanta Biswa-led GoM on GST composition scheme holds first meeting today

Businesses with a turnover of up to Rs 1 crore can opt for the composition scheme and they can pay taxes in the range of 1-5 per cent and file returns quarterly