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Finance Minister on Tuesday said the GST Council is deliberating on taxation policy for online gaming and exuded confidence that the sector will attract investment once it is finalised. She was responding to a question from a Korean gaming company Krafton on what are India’s plans to attract foreign investment in gaming companies.
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Urging the government and the Goods and Services Tax (GST) council to take immediate action against the malpractices, the national governing council meeting of the Confederation of All India Traders (Cait) has demanded that a 28 per cent GST should be levied on quick commerce and ecommerce companies, stating that such convenience should be treated as a luxury and taxed accordingly.
Five states, including Karnataka, Tamil Nadu and Telangana, have shown interest in rolling out Aadhaar-based authentication for GST registration, an official said on Monday. The biometric-based authentication was discussed at the third National Co-ordination Meeting of senior Central and State GST officers earlier this month.
The government is looking to tap new data for its upcoming revision to the GDP series, sources told Moneycontrol.