In what could further dampen the mood of crypto investors in the country, the goods and services tax (GST) council is mulling a 28 per cent tax on cryptocurrencies, at par with the current GST on casinos, betting and lottery, multiple media reports claimed on Monday.
The ministerial panel led by Karnataka CM Basavaraj Bommai working on the restructuring of GST rates will examine whether companies passed on rate cuts in the past, before recommending changes to tax slabs
Pizza toppings to now attract 18% GST, social media is full of viral memes - AAAR bench of Amit Kumar Aggarwal and Anil Kumar Jain underlined that pizza topping preparation method is different and ingredient used is not cheese.
The government has reduced the Goods and Services Tax (GST) rate on domestic maintenance, repair, and overhaul (MRO) services to 5 per cent from 18 per cent in order to support the aviation sector, Minister of State for Civil Aviation General (Retd) V K Singh said on Monday.