GST council meeting: A range of key issues are expected to be discussed, including reduction in GST rates for millet flour food preparations, clarification on the taxation of data centers, approval of a proposal for millet flour with over 70 percent content, and discussions on corporate and bank guarantees.
In the previous meeting on August 2, the GST Council had approved amendments to the Goods and Services Tax (GST) laws to provide clarity on the taxation of casinos, horse racing and online gaming.
The GST Council chaired by Finance Minister Nirmala Sitharaman on Saturday approved to exempt the extra neutral alcohol (ENA) (both grain-based and molasses-based ENA) from GST when supplied for the manufacture of alcoholic liquors.