47th GST council meet to be held in Srinagar on June 28-29

Srinagar, June 17 (KNN) The GST Council is expected to discuss the possible tweaking in the tax rates at the upcoming meeting on June 28-29 in Srinagar.

The 47th GST meet will be chaired by the Finance Minister Nirmala Sitharaman and will comprise of state counterparts.

As per media reports, the council meeting is likely to discuss the report of the panel of state ministers on rate rationalisation and also the GST rate on casinos, race courses and online gaming.

The GST Council is expected to discuss pruning the list of exempted items, plan to shift rate slabs, and proposal to correct inverted duty structure in textiles.

This is the first meeting after the Supreme Court last month said the GST Council is only a recommendatory body and its recommendations are not binding on the Centre or states.

The court held that the recommendations of the GST Council will have a persuasive value. Both Parliament and the state legislatures can equally legislate on the matters related to GST.  (KNN Bureau)