- It will help to boost the revenue collection and can cover the compensation regime for states for revenue shortfall which decided to end this month.
- The ministerial panel’s report on online gaming suggested that a Uniform GST should be imposed on casinos, race courses, and online gaming.
- As of now, most online gaming platforms pay 18 percent tax on the commission collected for each game.
- It has also suggested about Integration of GST data with NPCI.
- Biometric verification of premises of high-risk businesses should be captured.
- Tightening of restrictions process to identify fake invoices.
Question:
Q.1 Goods and Services Tax Council is likely to consider the imposition of 28% tax on which of the following sector?a. Petroleum
b. Textiles
c. Fantasy gaming
d. CNG
