Possibility to discuss taxation of online gaming in 48th GST Council Meeting

A news agency claims that the levy of GST on online gaming will likely be discussed at the meeting on December 17.

On June 28 and 29, the 47th GST Council meeting was held. Buttermilk, lassi, and yogurt that had been packaged and labeled were subject to GST at the time. However, GST on cryptocurrencies not discussed at the June meeting. Next week 48th GST Council meeting too be held. Experts believe this to be the last gathering before Central Budget 2023. A news agency claims that the levy of GST on online gaming will likely be discussed at the meeting on December 17. Additionally, the council has the option to alter product-specific tax rates. The possibility of discussing the establishment of an appellate tribunal is also known.

When made, the Labor and products Assessment Redrafting Council permits organizations to move toward the Court rather than the High Court in many issues. It has been learned that Nirmala Sitharaman, Union Finance Minister, will use video conferencing for the 48th meeting of the Council, which includes representatives from all states and Union Territories.

 "The meeting is expected to confirm the constitution of GSTAT," stated an expert. In some cases, traders will be able to approach the tribunal rather than the high court. Additionally, issues pertaining to player classification and evaluation in online gaming. Additionally, it must be settled."

According to another expert, the meeting will probably talk about the GST levy on online gaming and the Appellate Tribunal. "This may be the last meeting before the Union Budget," he said. As a result, it's possible to talk about changing fixed tax rates as well."

A news agency reported that the ministers, led by Meghalaya Chief Minister Conrad Sangma, met for the last time to discuss online gaming. As a consequence of this, there is a possibility of imposing GST on this industry.