• The Group of Ministers (GoM), constituted last year on the issue under the chairmanship of Meghalaya Chief Minister Conrad Sangma, submitted its report to Finance Minister Nirmala Sitharaman on Thursday.
Finance Minister Nirmala Sitharaman organized a meeting of the Goods and Services Tax (GST) Council in the national capital Delhi on Saturday, 17 December. The Group of Ministers (GoM), constituted last year on the issue under the chairmanship of Meghalaya Chief Minister Conrad Sangma, submitted its report to Finance Minister Nirmala Sitharaman on Thursday.
Here are the live updates:
After the GST Council meeting, the Revenue Secretary said that the rate of tax on husk of pulses has been reduced from 5 percent to nil.
GST Council agrees to decriminalize certain offenses; Limit for initiating prosecution doubled to ₹2 crore: Revenue Secretary Sanjay Malhotra.
Finance Minister Nirmala Sitharaman says GST Council could not discuss taxation on tobacco and gutkha due to paucity of time.
The Group of Ministers (GoM), constituted last year on the issue under the chairmanship of Meghalaya Chief Minister Conrad Sangma, submitted its report to Finance Minister Nirmala Sitharaman on Thursday.
After the meeting, Finance Minister Nirmala Sitharaman gave this information during the press conference.
The Finance Ministry tweeted, "Union Finance Minister Smt @nsitharaman chaired the 48th GST Council meeting through virtual mode in New Delhi today."
Union Finance Minister Smt. @nsitharaman chairing the 48th meeting of the GST Council through virtual mode in New Delhi today.
— Ministry of Finance (@FinMinIndia) December 17, 2022
Demonetisation of offenses under the GST law, setting up of appellate tribunals and mechanism to prevent tax evasion in pan masala and gutkha businesses are among the issues to be discussed in the GST Council meeting.
According to reports, GST on online gaming and casinos may come up for discussion in the council meeting. Currently, online gaming attracts 18% GST. The tax is levied on gross gaming revenue, which is the fee charged by online gaming portals.
The Council will also consider a report of the tax authorities and give clarity on the applicability of the rate to certain goods and services.
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