Quick Summary
The upcoming 54th GST Council meeting on September 9, 2024, will focus on key issues such as the taxation of online gaming, ongoing efforts against fake GST registrations, and amendments under the Finance Act, 2024. Chaired by Union Finance Minister Nirmala Sitharaman, the Council will also review reports from two Groups of Ministers (GoMs) on GST rate rationalization and real estate. One of the main topics for discussion will be the status report on the taxation of online gaming, which has bee
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FAQ :
The 54th GST Council meeting will take place on September 9, 2024.
A 28% GST is applied to the entry-level bets for online gaming since October 1, 2023.
The drive aims to identify and eliminate suspicious GSTINs and fake entities engaged in tax evasion.
The amnesty scheme offers relief to taxpayers with demand notices for the first three GST years, provided the tax is paid by March 2025.
The Council will review reports from a Group of Ministers on GST rate rationalisation, which is expected to suggest minimal changes to the current tax slabs.
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