Reaction Quote on GST Council by Mr. Shivashish Karnani, Head of GST, at DPNC Global

2024-09-10 12:04:34 pm | Source: PR Agency

Reaction Quote on GST Council by Mr. Shivashish Karnani, Head of GST, at DPNC Global

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Below the Reaction Quote on GST Council by Mr. Shivashish Karnani, Head of GST, at DPNC Global

"The council has taken various rate rationalisation measures like reduction of GST on cancer drugs from 12% to 5%, namkeens, sharing helicopters for pilgrimage which will lessen the burden on consumers. Council has also decided that foreign airlines will be exempt from GST on services imported from related parties which will help in settling ongoing litigations. For B2C transactions, e-invoicing will be introduced on a voluntary basis which will allow consumers to check invoices and also help foreigners to claim refunds of the GST paid in India. GOM has been established to work out lower rates on insurances including medical, group and health. To curb revenue leakage on metal scrap, GST under RCM is proposed. The new regime for the gaming sector has given a boost to the GST collections and is up around 412% on a 6 months comparative basis."

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Reaction Quote on GST Council by Mr. Shivashish Karnani, Head of GST, at DPNC Global

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