- GST Council exempted purchase of railway tickets and payments for waiting room and cloak room charges from GST
- Services related to hostel accommodation outside educational institutions exempted up to Rs 20,000 per person per month
- Waiver of interest and penalty for past GST demands to reduce litigation
- Sunset clauses for anti-profiteering provisions to bring certainty for industry
- Reduction in pre-deposit for filing appeal to help industry with cash flow
- Uniform GST rate of 12% on milk cans recommended
- FM emphasized Centre’s commitment to supporting states through timely tax devolution and clearing GST compensation arrears
- Announcement of sunset clause for anti-profiteering provisions and transfer of cases to GSTATs welcomed by industry
- FM urged states to leverage Centre’s scheme offering 50-year interest-free loans for reforms
- GST on online gaming not discussed, disappointing sector seeking relief from high taxation and retrospectivity of demands
Source: financialexpress.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
