GST Council may reconsider retro tax demands made to online gaming companies
GST Council Considers Amendment to CGST Act
- The Goods and Services Tax Council is considering an amendment to the CGST Act, 2017, to quash retrospective tax demands.
- The law committee recommends introducing a new Section 11A to the CGST Act to prevent recovery of unlevied or under-levied GST.
- The GST Council is set to deliberate on this recommendation at its June 22 meeting.
- The amendment does not address overpaid taxes, excluding companies that paid excess GST due to these practices.
- The proposed legislative change is seen as a step towards clarity and relief for businesses navigating the GST regime.
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