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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
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Lok Sabha Passes GST Bill To Tax Online Gaming, Casinos, Race Clubs At 28%
Lok Sabha today approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.
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Bill To Levy 28% GST On Online Gaming, Casinos Introduced In Lok Sabha
Finance Minister Nirmala Sitharaman today introduced bills to amend the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.
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GST Network Rolls Out New Facility For Exporters To Claim Refunds
An exporter can claim refund of Integrated GST (IGST) paid at the time of export by filling the details of the shipping bill and tax paid GST invoice in his Form GSTR1 in the relevant month.
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Tax Reform GST Heads For July 1 Rollout, Crucial Bills Cleared: 10 Facts
After an eight-hour debate, the Lok Sabha on Wednesday passed four GST or Goods and Services Tax-related bills putting the government on course for the launch on July 1 of the country's biggest tax reform since Independence. GST will subsume a slew of indirect taxes levied by the Centre and states, transforming India into a single market. The bills...
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Lok Sabha Passes All 4 GST Bills: Highlights
Four Bills related to the Goods and Services Tax or GST were debated in the Lok Sabha or lower house of Parliament today, as the government pushes to meet a July 1 launch date for the unified tax regime that subsumes a slew of indirect taxes at the Centre and in states. Seven hours were allotted for today's debate, which began at noon, with union m...
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The Four GST Bills Being Debated In Parliament Today Explained Here
Parliament will today debate and vote on four supporting bills crucial to the implementation of the Goods and Services Tax, which will subsume a slew of indirect taxes currently levied by the centre and states. On the table in the Lok Sabha is the Central Goods and Services Tax (CGST) Bill, 2017, along with three other related bills, providing for ...
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After 7-Hour GST Debate In Lok Sabha Today, 250 Clauses Will Be Put To Vote: 10 Facts
Four Bills related to the Goods and Services Tax or GST will be debated in the Lok Sabha or lower house of Parliament today, as the government pushes to meet a July 1 launch date for the unified tax regime that subsumes a slew of indirect taxes at the centre and in states. Seven hours have been allotted for today's debate, which is likely to begin ...
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Winter Session: 9 New Bills Including Surrogacy Regulation In Line
As many as nine new bills, including three related to GST, and surrogacy regulation will be introduced in Parliament in upcoming Winter Session.
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Bullish On Indian Economy, US Praises GST, Says It will Boost Trade Ties
Bullish on expanding economic ties with India, the US on Sunday said bilateral trade has reached $109 billion and it will get a further boost from new reforms including Goods and Services Tax (GST) even as it flagged persisting concerns American firms have on issues related to business climate in the fast-growing economy.
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Madhya Pradesh Assembly Ratifies GST Bill
Madhya Pradesh Assembly today unanimously ratified 122nd Constitution Amendment Bill on Goods and Service Tax (GST), the seventh state to do so, with Chief Minister Shivraj Singh Chouhan terming it as a process towards economic integration of the country.
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Tax Reform Means A Fresh Start For India's Economy
The tax reform just approved by India's parliament could transform the country's economy. Talked about for years, the plan would replace a crazy jumble of national, state and local taxes with an integrated value-added tax. If well-executed, the idea could make India a truly single market -- with enormous potential gains for the world's third-larges...
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'We Are Ready,' Says Arun Jaitley To NDTV Just Before GST Debate
The Goods and Services Tax integrates India into one economic entity, Finance Minister Arun Jaitley told NDTV as he drove to Prime Minister Narendra Modi's Race Course Road residence for a series of meetings on Wednesday morning.
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Government Drafting Model Legislations for GST Implementation: Excise Board Official
Model legislations to implement the Goods and Services Tax (GST) are being prepared and will be put up for comments from stakeholders after Parliament approves the GST Constitution Amendment Bill, an Income Tax Department official has said.
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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
-
Lok Sabha Passes GST Bill To Tax Online Gaming, Casinos, Race Clubs At 28%
Lok Sabha today approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.
-
Bill To Levy 28% GST On Online Gaming, Casinos Introduced In Lok Sabha
Finance Minister Nirmala Sitharaman today introduced bills to amend the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.
-
GST Network Rolls Out New Facility For Exporters To Claim Refunds
An exporter can claim refund of Integrated GST (IGST) paid at the time of export by filling the details of the shipping bill and tax paid GST invoice in his Form GSTR1 in the relevant month.
-
Tax Reform GST Heads For July 1 Rollout, Crucial Bills Cleared: 10 Facts
After an eight-hour debate, the Lok Sabha on Wednesday passed four GST or Goods and Services Tax-related bills putting the government on course for the launch on July 1 of the country's biggest tax reform since Independence. GST will subsume a slew of indirect taxes levied by the Centre and states, transforming India into a single market. The bills...
-
Lok Sabha Passes All 4 GST Bills: Highlights
Four Bills related to the Goods and Services Tax or GST were debated in the Lok Sabha or lower house of Parliament today, as the government pushes to meet a July 1 launch date for the unified tax regime that subsumes a slew of indirect taxes at the Centre and in states. Seven hours were allotted for today's debate, which began at noon, with union m...
-
The Four GST Bills Being Debated In Parliament Today Explained Here
Parliament will today debate and vote on four supporting bills crucial to the implementation of the Goods and Services Tax, which will subsume a slew of indirect taxes currently levied by the centre and states. On the table in the Lok Sabha is the Central Goods and Services Tax (CGST) Bill, 2017, along with three other related bills, providing for ...
-
After 7-Hour GST Debate In Lok Sabha Today, 250 Clauses Will Be Put To Vote: 10 Facts
Four Bills related to the Goods and Services Tax or GST will be debated in the Lok Sabha or lower house of Parliament today, as the government pushes to meet a July 1 launch date for the unified tax regime that subsumes a slew of indirect taxes at the centre and in states. Seven hours have been allotted for today's debate, which is likely to begin ...
-
Winter Session: 9 New Bills Including Surrogacy Regulation In Line
As many as nine new bills, including three related to GST, and surrogacy regulation will be introduced in Parliament in upcoming Winter Session.
-
Bullish On Indian Economy, US Praises GST, Says It will Boost Trade Ties
Bullish on expanding economic ties with India, the US on Sunday said bilateral trade has reached $109 billion and it will get a further boost from new reforms including Goods and Services Tax (GST) even as it flagged persisting concerns American firms have on issues related to business climate in the fast-growing economy.
-
Madhya Pradesh Assembly Ratifies GST Bill
Madhya Pradesh Assembly today unanimously ratified 122nd Constitution Amendment Bill on Goods and Service Tax (GST), the seventh state to do so, with Chief Minister Shivraj Singh Chouhan terming it as a process towards economic integration of the country.
-
Tax Reform Means A Fresh Start For India's Economy
The tax reform just approved by India's parliament could transform the country's economy. Talked about for years, the plan would replace a crazy jumble of national, state and local taxes with an integrated value-added tax. If well-executed, the idea could make India a truly single market -- with enormous potential gains for the world's third-larges...
-
'We Are Ready,' Says Arun Jaitley To NDTV Just Before GST Debate
The Goods and Services Tax integrates India into one economic entity, Finance Minister Arun Jaitley told NDTV as he drove to Prime Minister Narendra Modi's Race Course Road residence for a series of meetings on Wednesday morning.
-
Government Drafting Model Legislations for GST Implementation: Excise Board Official
Model legislations to implement the Goods and Services Tax (GST) are being prepared and will be put up for comments from stakeholders after Parliament approves the GST Constitution Amendment Bill, an Income Tax Department official has said.
