The Goods and Services Tax (GST) Council, which is headed by Finance Minister Nirmala Sitharaman, will be meeting virtually through video conferencing after a gap of nearly six months on Saturday. GST on online gaming and casinos will likely feature on the GST Council Meet’s agenda, as the Group of Ministers (GoM) had submitted its report on the topic to the Finance Minister on Thursday. The panel of state ministers headed by Meghalaya Chief Minister Conrad Sangma had met in November and agreed on a 28 per cent GST on online gaming, casinos, and horse racing.
Deliberations on other issues like decriminalisation of offences under GST law, setting up of appellate tribunals and mechanism to curb tax evasion in pan masala and gutkha businesses is also likely to feature on the agenda during the virtual meeting.
The GST Council will also consider a report of tax officers and give clarity on the rate applicability of certain goods and services.
GST Council Meeting: Topics likely to come up for deliberation
Discussion on imposing 28% GST on online gaming, casinos and horse racing
GoM’s report submitted but no consensus on 28% GST
- Proposal to levy GST only on insurance premium’s ‘no claim bonus’
- 22% Compensation cess on SUVs, provided they have 170 mm ground clearance
- 28% GST if fruit juice or pulp contains CO2 Preservative/Additive
- Private refineries to pay 5% GST on blending ethanol with petrol
- Airlines with regional connectivity to not attract GST on VGF subsidy
- Government incentive on RuPay Debit Card, BHIM-UPI transactions to be tax-free.
The last GST council meeting was held in Chandigarh between June 28 and 29 this year. In that meeting, the Council had raised GST on various items like LED lamps, solar water heaters, etc. It had also hiked GST from 12 per cent to 18 per cent on tetra packs.
The proposed rate changes recommended by the GST Council had come into effect on July 18, 2022.