Winning Bizness Desk

Mumbai. The decisions taken in the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, has been announced and many important decisions like bringing online gaming under GST, imposing 28 percent tax and removing IGST from cancer drugs were taken. Let's know, which items will get relief and what will be expensive? In the GST Council meeting, it has been decided to levy 28 percent GST on the entire prices of online gaming, horse racing, casino. Online gaming has been brought under the purview of GST Act. Explaining the decision to impose GST on online gaming, Finance Minister Nirmala Sitharaman said that this decision has been taken after a detailed discussion on the issue. During the discussion, how influential the online gaming industry is today and how much revenue it can generate. She said that this decision has been taken after discussing all these matters with each state.

Car costlier and Cancer drug cheaper

Buying a car will become more expensive due to the decision of the GST Council meeting. A compensation cess of 22 percent will be applicable on cars whose length is more than 4 meters, engine capacity is more than 1500 cc and ground clearance is more than 170 mm. Sedan cars are excluded from this. Talking about other important decisions taken in the meeting chaired by Finance Minister Nirmala Sitharaman, IGST will no longer be levied on imported cancer drugs. That is, this drug is going to be cheaper. It was already expected that the import of cancer drug Dinutuximab will become cheaper in this GST Council meeting. It has been approved by the government. Meanwhile, currently 12 percent IGST is levied on this, which has been reduced to zero by the Council. One dose of this medicine costs Rs 63 lakh.

Meals to be cheaper in movie theaters

There is one complaint that everyone has after going to movie theaters and that is the food served in theaters. Food and drinks will become cheaper from now. Informing about the decisions taken in this meeting, Revenue Secretary Sanjay Malhotra said that it has been decided to reduce the GST on food and drink items in cinema halls. Prior to this meeting, it was proposed to reduce the GST on food and beverages available in cinemas from 18 per cent to 5 per cent. This proposal has also been approved in the council meeting.

These foods are cheap

After the GST Council meeting, Finance Minister Nirmala Sitharaman has announced the reduction of GST on these items. Among them, GST on uncooked goods has been reduced from 18 percent to 5 percent. That is, now raw or unfried things have become cheaper. Besides, the tax on imitation, zari yarn has been reduced from 12 per cent to 5 per cent.