India Entry & Business Startup Consultings

Upcoming GST Council meeting on 28-29 June to be held in Chandigarh

Upcoming GST Council meeting on 28-29 June to be held in Chandigarh

As per the GST Council’s tweet on Saturday, June 18th, 2022, the location of the 47th meeting of the GST council has been moved from Srinagar to Chandigarh. The meeting is to be held during June 28th-29th.

The meeting of the appointed Group of Ministers (GoM) has already been conducted. Karnataka Chief Minister Basavaraj Bommai leads the GoM.

The Group of Ministers (GoM) in the meeting, fully in the agreement have decided to raise the GST to 28% (from 18%) on casinos, race courses and online gaming.

The Council is likely to discuss:

  1. Reducing the list of exempted items under the GST regime;
  2. Plan to shift the tax slabs:
  • From 5% to 7/8 %; &
  • From 18% to 20%.

       3. Correction of Inverted Duty Structure in textile sector.

During the month of May, the Supreme Court in a ruling has said that, the GST Council is only a recommendatory body, hence, the recommendations are not binding either on Centre or States.

Further, it was held that:

  • Recommendations of the GST Council hold persuasive value;
  • Also, the matters related to GST can equally be legislated by both the Parliament and the State Legislature.

The GoM will submit the final report before the Council’s meeting.
In the meantime, the meeting of the CGST Department (Lucknow Zone & Meerut Zone) was also conducted as on Sunday, i.e. June 20th, in which officers of both zones were present.

Source: Twitter, News18


 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

 

SUBSCRIBE OUR NEWS LETTER