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GST Council meet in June to decide on online gaming
tax
The Goods and Services Tax (GST) Council is likely to
hold its next meeting in June when the long pending
issue of taxation of online gaming, horse racing and
casinos will be taken up.
While no definite date has
been decided as of now, official sources indicated that
June is the most likely time for holding the next
meeting of the Council as by then most states would have
completed their budget-making process. Further, there
would also have been significant progress in setting up
the GST Appellate Tribunal and states would be in a
position to propose setting up of benches in their
jurisdictions.
Officials have also
indicated that a significant revision in the rates and
slabs of GST is unlikely as of now pointing out that the
tax regime has just about stabilised. “There will
continue to be revisions and review in rate of specific
items as and when required and to clear confusion but a
full-fledged overhaul of the rate structure is not being
planned for now,” the official source said.
Proposals for revision of rates on millets and cement
are likely to be taken up as well as the compensation
cess on pan masala. All these issues are currently being
looked into by the fitment committee.
“We expect the next
meeting of the GST Council to be held in June when the
report of the Group of Ministers on GST on online
gaming, horse racing and casinos will also be taken up
for discussion and hopefully for approval,” said an
official source, adding that it is expected that the
issue is likely to be addressed without the need for
voting by the Council.
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