There are commentaries stating that the upcoming GST Council may view imposing a 28% Goods and Services Tax (GST) on the net amount in place of 18% on gross gaming revenue.
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The health and insurance sectors have been demanding high during the recent pandemic after and before. The experts believe that removal of GST or lowering the rates must be brought to the table
We are well aware that it is necessary that all businesses, regardless of the business structure be held on to statutory compliance and complete all the vital filings before the due dates. For all business transactions, there are some essential compliances that a business owner must fulfill as a moral duty. These compliances are timely framed and must be completed within the prescribed time by the Government.