The 53rd GST Council meeting in New Delhi, after a nine-month gap, is anticipated to bring significant decisions affecting various sectors. Sources suggest that Indian online gaming companies may see relief with the possible cancellation of retrospective taxes, while the current 28% tax rate remains unchanged. Discussions also focus on anti-profiteering provisions and their potential sunset clause within two to three years. Clarity on GST for corporate guarantees among related parties is expected, addressing concerns on taxable value adjustments.
GST Council Meeting Expected to Impact Online Gaming and Corporate Guarantees
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