Taxmann’s Analysis | 51st GST Council Meeting Recommendations

Download or read book Taxmann’s Analysis | 51st GST Council Meeting Recommendations written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-08-05 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 51st GST Council meeting took place on 2nd August 2023, via video conferencing in New Delhi. The discussions were held on the necessary amendments and language changes required in the GST law. Major decisions include: ‣Taxability of online gaming, horse racing and casinos ‣Specific amendments to the CGST and IGST Acts were finalized despite concerns from certain states ‣Review the amendments after six months and aims to expedite the approval process during the Monsoon session for changes to be implemented by October 1, 2023 This article has provided a comprehensive analysis and simplified version of the recommendations and decisions.