NITYA Insight I 50th GST Council Meeting – 2nd Edition
The GST Council concluded its 50th Meeting on July 11, 2023. The Council proposed significant amendments and clarifications that will have a profound impact on landscape of GST law. Some of the prominent recommendations include taxation of Casino, Horse Racing & Online gaming at 28 percent on full bet value, notification of provisions relating to the GST Appellate Tribunal by August 1, 2023 etc.
We shared 1st Edition of our booklet on July 12, 2023, covering all such recommendations and we hope you found it informative and useful.
On July 17, 2023, Government issued multiple clarifications with respect to said recommendations including on issues like ISD vis-à-vis Cross-charge, goods and services given during warranty period, refund related issues etc.
We are pleased to enclose 2nd edition of our booklet NITYA Insight I 50th GST Council Meeting – 2nd Edition containing our insight on various recommendations of GST Council, clarifications issued thereafter (highlighted in green for ease of reference) and our analysis of their impact on industry.
Hope you find this an interesting read! Please feel free to share your comments / feedback.