GST Council meeting on October 7: Agenda, other details here

livemint.com:

GST Council will be held this week in New Delhi's Vigyan Bhawan, though the agenda is not yet known. However, as per media reports, the GST Council is likely to review the progress made by the states in incorporating changes with regard to the taxation of online gaming in SGST laws as approved by the council in its 51st meeting.

According to a report in The Economic Times, the council is likely to clarify the levy of tax on bank and corporate guarantees provided by directors and promoters to a company. The report further said that the meeting will also consider exemption on millets sold in powdered form.

The central government has notified the amendments in GST legislation passed by the Lok Sabha in August so as to impose a 28 per cent tax on online gaming, casinos, and horse racing. The amendments will come into effect as was earlier announced -- from October 1.

The amendments in the GST acts were made after they were proposed by the GST Council to make way to levy 28 per cent taxes on such items. "Exciting news! Mint is now on WhatsApp Channels