Key Pointers –

• The Group of Ministers on setting up of the GST Appellate convened by Haryana deputy chief minister Dushyant Chautala has finalized its report.
• There is a consensus on taxing these activities at the rate of 28% but according to sources, there are differences on whether tax should be only on the fees or the entire amount under consideration. The council will have to take a call on this issue as it meets after a gap of six months.
• They may also look into a report by an officers’ panel on decriminalization of certain offences under the GST Act as well as discuss the new role of the Competition Commission of India as the anti-profiteering authority for GST.
• It is expected that the GST council would address the issue of Online Gaming and Casino sector as no conclusion was attained by the GoM formed to address their issues. At the same time, as the Anti Profiteering would now be under competition commission of India it is imperative that GST council addresses important modalities so that ambiguity is reduced for industry. It may also deliberate upon the issue of apportionment of taxes between the Centre and the state.
• The exact agenda of the 48th meeting of the GST Council is expected to finalised in coming days but the meeting also assumes significance as it comes just ahead of the Union Budget 2023-24.
• State Finance Ministers have also held a pre-Budget meeting with the Union Finance Minister, where they have deliberated on various issues including extension of the GST compensation period was also raised.
• State FMs have also been calling for a meeting of the Council for some time as it is required to meet at least once every three months.

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