The GST Council has a lengthy agenda at its 48th meeting and possibly the last before the budget. The 48th GST Council meeting is going to held on December 17 in the virtual mode. Since the 48th GST Council meeting has been scheduled after a gap of five months, there shall be many items on the agenda of the GST Council. The 47th GST Council meeting happened in June 2022.
One of the main agenda for 48th GST Council meeting is GST on online gaming, casinos, gambling, and horse races. “Presented the Second Report of the Group of Ministers (GoM) on casinos, race courses & online gaming to the Hon’ble Union Finance Minister, Smti. @nsitharaman Ji in New Delhi today,” the GoM’s chairman and Meghalaya Chief Minister Conrad Sangma said in a tweet on Thursday.
The GoM, in its last meeting in November, had agreed on a 28 per cent GST on online gaming casinos and horse racing. However, in absence of consensus on whether the tax should be levied on only the fees charged by the portal or the entire consideration, including the bet amount received from participants, the GoM had decided to refer all suggestions to the GST Council for a final decision.
Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals.
The list of all agendas for coming GST Council meeting are:
48th GST Council meeting Agenda
The following is the list of items on the 48th GST Council meeting agenda, scheduled to take place on 17th December 2022-
- Certain offences under the GST law are set to be decriminalised.
- GST on online gaming, casinos, gambling, and horse races.
- Setting up of GST appellate tribunal in 2023 and its powers.
- GST rate on health insurance may be reduced from 18% to 12%.
- Defining the scope of power of CCI acting as the Anti-profiteering Authority.
- Applicability of the special composition scheme for selling brick kilns with 6% as GST levy without the input tax credit. Also, there may be a levy of 12% GST with an input tax credit if the business does not opt for the scheme.
- Changing the GST valuation rules for GST on tobacco to capacity based.
- The GST levy on Mentha may come under the reverse charge mechanism at the first stage of supply.
- GST rate panel may clarify tax-related issues. SUV category of vehicles with an engine capacity of 1,500 cc, a ground capacity of more than 170 mm and a length of more than 4,000 mm could be levied a 22% compensation cess.
- Carbonated fruit pulp/juice-based drinks may be levied a 28% GST.
- Exemptions may be granted for incentives paid to banks for RuPay debit cards and BHIM-UPI transactions and viability gap funding subsidies payments made to airlines for the regional connectivity scheme.