(Video) Rajya Sabha TV (RSTV) The Big Picture: GST Review & Reform

Topic: GST Review & Reform

Guest:

• A. K. Bhattacharya, (Editorial Director, Business Standard)
• Banuchandar Nagarajan, (Former Consultant, The World Bank, Washington DC)
• Prof. Aman Agarwal, (Director, Indian Institute of Finance)

Topic Description:

In its 38th meeting on Wednesday the GST Council, voted for uniform rate of 28% on lotteries across the country. It was for the first time since the launch of the new overarching indirect tax that the Council took a decision through the voting route. During the voting, 21 states voted in favour of a uniform rate on lotteries. On top of the agenda of the meeting was to explore ways and means to maximise revenue collection by checking tax evasion. The government has set a Rs. 1.10 lakh crore monthly GST collection target in the remaining four months of this fiscal year. The GST Council also rationalised tax rate on woven and non-woven bags to 18%.

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Courtesy: RSTV