New Delhi: The 49th GST Council meeting is scheduled to be held in New Delhi on February 18, 2023, according to a tweet posted by the council. The GST Council meeting will be chaired by Union Finance Minister Nirmala Sitharaman.
Union FM Nirmala Sitharaman will be the chairperson of the 49th GST Council meeting, and this shall be the first one since the presentation of the Union Budget 2023. The 49th GST Council meeting shall be the third such meeting which is happening almost immediately after the presentation of the Union Budget 2023 in February. Similar post-budget Council meetings last happened in 2019, before the pandemic and for the first time in 2017.
The 49th GST Council meeting is likely to take up issues relating to taxation on ‘pan masala’ and ‘gutka’ companies, setting up of appellate tribunals, and GST levy on online gaming, casino, and horse racing.
The 48th Meeting of the GST Council was held on December 17, 2022, through video conference, under the chairpersonship of the Union Finance and Corporate Affairs Minister Nirmala Sitharaman.
It introduced several recommendations related to GST tax rate changes, trade facilitation measures, and measures for streamlining compliance with goods and services tax (GST).
The 47th meeting of the GST Council was held in late June 2022, in Chandigarh.
After the recommendations that were taken up in the two-day 47th GST Council meeting in Chandigarh in June, the Goods and Services Tax (GST) was rationalised for numerous items including LED lamps, and solar water heaters, among other items.