GST Council Imposes a 28% Slab on Online Gaming, Horse Racing, and Casinos; Multi-Utility and Sports Utility Vehicle Taxation Is Introduced
The Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, recently announced the imposition of the top 28% slab on online gaming, horse racing, and casinos in a recent decision. Furthermore, the Council has implemented significant changes to ensure consistency in the taxation of multi-utility and sports utility vehicles.
According to the most recent update, the Council has determined that all large cars, regardless of whether they are popularly classified as SUVs or not, will be subject to a 22% cess. This additional tax is levied in addition to the GST, simplifying the taxation structure for such vehicles.
Stay up to date with our dependable coverage of the latest GST Council decisions and their implications for various industries. Explore the in-depth insights provided by our team at SirWiz News, which keeps you up to date on the ever-changing tax landscape.
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