The GST Council Secretariat announced on X, previously known as Twitter, that the 53rd meeting of the council will take place in New Delhi on June 22, 2024.
The article also said that the meeting's detailed agenda is probably going to be finalized in a day or two.
The Economic Times said that at its meeting in New Delhi on June 22, the Goods and Services Tax (GST) Council would examine the 28 percent tax on online gambling.
The report also said that the Council is probably going to provide clarity on a number of procedural issues.
The newspaper also quoted officials as saying that it may consider the fitment committee's advice for an inverted duty structure of 15 items. However, the authorities suggested that a more comprehensive process of rate rationalization could be pursued in the future.
The information could not be independently verified by Moneycontrol.
The GST Council Secretariat announced via a post on X, previously Twitter, that the 53rd meeting of the GST Council would take place in New Delhi on June 22, 2024. The Council will convene for the first time after the Lok Sabha elections at this time.
The group of ministers (GoM) on rate rationalization was reorganized by the GST Council in November of last year, and the convenor was named as Suresh Kumar Khanna, the finance minister of Uttar Pradesh.
The article also said that the meeting's detailed agenda is probably going to be finalized in a day or two.
Additional Ideas
The sector anticipates that the Council will talk about the proposal to include natural gas and aircraft turbine fuel under the GST.
Important topics including related-party transactions, the taxes of employee stock option plans (ESOPs), corporate guarantees, and the inverted duty structure in the textile and fertilizer industries are also anticipated to get explanations from the Council.
The finance ministers of all states and Union territories convened as the GST Council's last meeting took place on October 7, 2023.
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