GST panel unlikely to favour tax rate cut for auto, component sectors; revenue losses major concern for govt
The auto sector, which has been reeling from the worst slump in nearly two decades, has pushed for a lowering of tax rates at the 20 September GST panel meeting, in a bid to revive vehicle demand.
GST ministerial panel to study uniform tax rate on lotteries; GoM to examine issues related to enforcement
Currently, a state-organised lottery attracts 12 percent GST while a state-authorised lottery attracts 28 percent tax.
During their meetings with the two ministries, representatives of the RSS and Baba Ramdev are learnt to have cited warnings of health campaigners that adults and children in India continued to consume huge quantities of hidden sugar in processed food and drink, fuelling obesity and poor health