The Goods and Services Tax (GST) Council on Tuesday decided to impose a 28 per cent tax on the turnover of online gaming companies, horse racing and casinos. The panel, headed by the Union finance minister and comprising of representatives of all states and UTs, also lowered the service tax levied on food and beverages consumed in cinema halls to 5 per cent and tweaked the definition of an SUV for attracting a cess over and above the GST rate. Watch the key takeaways of GST council meet decisions.

► Subscribe to The Economic Times for the latest video updates. It’s free! –

► More Videos @ ETTV –

► For business news on the go, download ET app:

Follow ET on:

► Facebook –
► Twitter –
► LinkedIn –
► Instagram –
► Flipboard –

#news #latestnews #economictimes #ET #TheEconomicTimes #businessnews