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Home Economy Tax News

GST Council Meet LIVE Updates: Will GST Council Extend Compensation To States? States urge

by Nick Erickson
June 29, 2022
in Tax News
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GST Council Meeting Begins: 28% GST on Online Gaming, States Compensation; Main agendas today
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Minister Nirmala Sitharaman, met after a six-month hiatus.

According to sources, GST Council has brought prepackaged and labeled foods such as wheat flour, puffed rice, curd/lassi/buttermilk and breadcrumbs under the GST regime. The council approved a proposal to impose a 12 percent tax on hotel rooms that cost less than Rs 1,000 per day. The GST council has also decided to impose five percent pre-tax GST on hospital rooms renting above Rs 5,000, excluding intensive care units (ICUs).

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