Chandigarh: As the two-day meeting of Good and Services Tax (GST) Council began on Tuesday (June 28), all eyes are glued to the event as some important decisions are expected to be made. Headed by the Finance Minister Nirmala Sitharaman, the 47th GST Council meeting will include several key issues such as GST compensation to states, GST rate revisions of certain items and services, and easier compliance norms for taxpayers. Further, the Council will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, discussing a report of a GoM on high-risk taxpayers under GST to curb evasion.Also Read - Teen Dead, 16 Others Injured As 250-Year-Old 'Heritage' Tree Falls In Chandigarh School, Inquiry On Amid Questions

For the unversed, here are the details on the work and function of GST Council: Also Read - Milk Prices Likely To Rise Again After New GST Rates Applicable On THESE Dairy Products

Good and Services Tax Council is a constitutional body under Article 279A(1), headed by the Union Finance Minister and has Union Minister of State for Finance and the Finance Ministers or any other ministers appointed from the state governments as members. Also Read - Curd, Paneer, Wheat Now Expensive; 5 Per Cent GST to be Levied on Pre-packed And Labelled Food Items

The secretariat office is situated in New Delhi and Union Revenue Secretary acts as the ex-officio Secretary to the GST Council. The supreme court last month made it clear that the Council is only a recommendatory body and its recommendations are not binding on Centre or states. As per the Supreme court, the Council’s recommendations will have a “persuasive value” and that both Parliament and the state legislatures can equally legislate on the matters related to GST.

The main task of the council is to make recommendations to the Union and the States on important issues related to GST, like:

The Council must have at least 50 percent members present and to be able to hold a meeting and make recommendations. The suggestions made by the council need a three-fourth majority of the members present and voting in the meetings. The central government’s vote counts as one-third of the total votes, while the weightage of the states’ total votes are two-thirds.

Any act, decision or proceedings shall not be declared invalid on the basis of any remaining deficiency at the time of the establishment of the GST Council i.e.

The Council is expected to discuss the following issues in the meeting:

GST Council has conducted 46 meetings so far. This is the 47th meeting of the GST Council, which is taking place in Chandigarh and its final outcome will be announced on Wednesday.

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Published Date: June 29, 2022 9:58 AM IST

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