Exclusive: Rate of duty on gold reduced after demand | Republic Business
In an exclusive interview with Republic Business, the Chairman of the Central Board of Indirect Taxes and Customs (CBIC), Sanjay Kumar Agarwal, discussed several key topics regarding the current fiscal landscape. Chairman Agarwal provided insights on the ongoing efforts of a group of ministers who are scrutinising GST rates, emphasising the need for a comprehensive approach to rate rationalisation. He mentioned that the status of the rate rejig will be addressed in the upcoming GST Council meeting. Additionally, there is a growing demand to bring petroleum products under GST, which, according to Agarwal, would require a graded approach to ensure revenue neutrality. He highlighted the significant tax revenue generated from online gaming, amounting to Rs 1,150 crore per month, marking a four-fold increase.