GST Council is unlikely to correct inverted duty correction w.r.t. Textiles

As per the recent tweet of the CNBC-TV18, Sources say in the upcoming meeting of the GST Council is unlikely to correct inverted duty correction w.r.t. Textiles. Also, Council may take up GoM’s report on online gaming, casinos & race courses:

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GOM is of the view to levy 28% GST on gross gaming value
GST Council may extend the timeline for GoM on rate rationalisation by 6 months
GST Council may begin the discussion on covering VDAs & crypto assets under the GST ambit

Source: Twitter

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