GST Council Meeting, Major Agendas, Discussions and Takeaways

Finance Minister Nirmala Sitharaman chaired the 47th GST council meeting, in Chandigarh

GoM Reports: The GST council discussed and decided on four GoM reports-

(a) Rate rationalization committee

(b) Casino, horse trading and lottery, online gaming

(d) Movement of precious metal.

Major Highlights

The GST council deferred a decision on the proposal to raise the GST on online gaming from 18% to 28%
GST council asks Group of Ministers to re-deiberate tax rate on Horse racing, online gaming, casinos by July 15.
AI, ML will be developed to ensure better compliance.
GST was exempted on specified food items, grains etc when not branded, or right on the brand has been foregone.
Electric Vehicle eligible for the concessional GST rate of 5%
The next GST council meeting will be held in Madurai.

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