The 47th meeting of the GST Council will be conducted for two days starting from tomorrow ie., 28th June 2022 to 29th June 2022 to discuss various important changes including the changes in tax rates and slabs.
According to the tweet shared by the Ministry of Finance on Monday, “Union Finance Minister Smt. @nsitharaman will chair the 47th meeting of the GST Council at 11 AM in Chandigarh on 28th and 29th June 2022. The two-day meeting of the GST Council will be attended by Minister of State for Finance Shri @mppchaudhary besides Finance Ministers of States & UTs and Senior officers from Union Government & States.”
This meeting comes against the backdrop of the much-debated recent Supreme Court decision on the Goods and Services Tax (GST). Further, the compensation cess arrangement with the states is also slated to end. So, this GST Council meeting is critical for the very future of GST.
Also, the Group of Ministers (GoM) tasked to review the GST levy on casinos, race courses and online gaming has finalised its report and has unanimously decided on hiking the tax rate on these services to 28 percent. At present, services of casinos, horse racing and online gaming attract 18 percent GST.
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