GST Council is unlikely to correct inverted duty correction w.r.t. Textiles

As per the recent tweet of the CNBC-TV18, Sources say in the upcoming meeting of the GST Council is unlikely to correct inverted duty correction w.r.t. Textiles. Also, Council may take up GoM’s report on online gaming, casinos & race courses:

  • GOM is of the view to levy 28% GST on gross gaming value
  • GST Council may extend the timeline for GoM on rate rationalisation by 6 months 
  • GST Council may begin the discussion on covering VDAs & crypto assets under the GST ambit

Source from: https://twitter.com/CNBCTV18Live/status/1532621572674326528

We have recently released the 7th Edition (May, 2022) of our book on Goods and Services Tax, titled, “GST LAW AND COMMENTARY – WITH ANALYSIS AND PROCEDURES”, updated with the Finance Act, 2022 in a set of 4 Volumes. We thank you all for the support and your enduring response.

Have a look at the complete tour of the Book at: https://cutt.ly/nF6O0oN

Order your copy now and be a part of the GST learning excursion in the most comprehensive and lucid form !!

For more details and purchase online at: https://cutt.ly/RFMox8D

Scroll to Top