Big decision in GST council!!
Let us tell you that the meeting of the GST Council is going to be held in chandigarh on 28-29 June. Let us tell you that even before the meeting of the GST Council, the central government had decided to continue the State Compensation Cess till the year 2026. Earlier its period was to end on june 30. Earlier, Finance minister Nirmala Sitharaman had said that after june 30, compensation will not be given to the states. Now after the decision to continue the cess, it is expected that for the time being the system of giving compensation to the states will continue.
This time the meeting of the GST Council is going to be held under the chairmanship of the Finance minister after six months. According to media reports, the report of the Group of Ministers (GoM) will be presented at this meeting of the GST Council.
It is noteworthy that under the framework of GST, a Group of Ministers was constituted to rationalize the GST rates for different items. According to sources, it is reported that this time in the meeting of the GST Council, a decision can be taken to levy GST at the rate of 28 percent on items like casinos, lottery race courses, and online gaming.