GST Council to decide on definition of MUVs; tighten norms for registration
The Indian GST Council is scheduled to discuss several matters at its upcoming meeting. These include regulating online gaming taxation, defining utility vehicles, and setting tighter rules for ITC registration claims. The price of food and beverages sold in multiplexes will also be discussed, including whether food served in cinema halls should be taxed at 5% instead of the 18% being charged by some multiplexes.
Tags : itc MUV GST FSMP GST Council IGST input tax credit tcs
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