In a setback to online gaming firms, the GST Council on Tuesday determined that there can be a 28 per cent GST levy on full worth of gaming, horse racing, and casinos.
Among different points, the Council accredited exemption of GST on import of most cancers drug Dinutuximab and on Food for Special Medical Purposes (FSMP) which might be used within the remedy of uncommon ailments.
The GST Council, which held its 50th assembly below the chairmanship of Union Finance Minister Nirmala Sitharaman, determined to take away the excellence of recreation of ability and probability in case of online gaming. The date for 28 per cent GST levy will turn into efficient after the modification in GST regulation, West Bengal Finance Minister Chandrima Bhattacharya advised reporters after the assembly.
Maharashtra’s Forest, Culture and Fisheries minister Sudhir Mungantiwar advised reporters that the GST council additionally accredited establishing of appellate tribunals.
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