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GST Council to Meet on February 18; Tax on Pan Masala, Gutka Companies, Online Gaming Top Agenda
The 49th GST Council meeting is likely to take up issues relating to taxation on `pan masala` and `gutka` companies, setting up of appellate tribunals, and GST levy on online gaming, casino, and horse racing.
Highlights
- The meeting is scheduled to be held in New Delhi on Feb 18.
- This is the 49th meeting of the GST council.
- The 48th GST Council meeting was held on December 17, 2022.
New Delhi: The 49th meeting of the GST Council is scheduled to be held in New Delhi on February 18, 2023, according to a tweet posted by the council. The GST Council meeting will be chaired by Union Finance Minister Nirmala Sitharaman.
The 49th GST Council meeting is likely to take up issues relating to taxation on 'pan masala' and 'gutka' companies, setting up of appellate tribunals, and GST levy on online gaming, casino, and horse racing. (Also Read: Mastercard's NFT Product Lead Chief Satvik Sethi Resigns, Citing Abuse and Emotional Suffering)
The 48th Meeting of the GST Council was held on December 17, 2022, through video conference, under the chairpersonship of the Union Finance and Corporate Affairs Minister Nirmala Sitharaman. (Also Read: Realme 10 Pro Coca-Cola Edition Design Officially Unveils: Check Price, Launch Date in India, Specifications, and More)
It introduced several recommendations related to GST tax rate changes, trade facilitation measures, and measures for streamlining compliance with goods and services tax (GST).
The 47th meeting of the GST Council was held in late June 2022, in Chandigarh.
After the recommendations that were taken up in the two-day 47th GST Council meeting in Chandigarh in June, the Goods and Services Tax (GST) was rationalised for numerous items including LED lamps, and solar water heaters, among other items.