The GST Council is set to convene its first meeting under the new government on June 22, 2024, after a hiatus of nine months. Key agenda items include reviewing the 28% GST rate on the online gaming industry, addressing pending GST notices for past tax payments by gaming companies, and clarifying the inverted duty structure for sectors like textiles and fertilizers. The council will also discuss GST rate rationalization for certain items and issue clarifications on the taxability of corporate guarantees between related parties under GST law.
GST Council to Address Key Issues Including Online Gaming Tax in June 22 Meeting
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