: GST Council to discuss multiutility vehicles definition tomorrow #FinanceIndia #StockMarketNEWS GST Council to discuss multi-utility vehicles definition tomorrow New Delhi, Feb 17 (KNN) The Goods

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GST Council to discuss multiutility vehicles definition tomorrow #FinanceIndia #StockMarketNEWS
GST Council to discuss multi-utility vehicles definition tomorrow New Delhi, Feb 17 (KNN) The Goods and Services Tax (GST) Council will meet on February 18, 2023 in New Delhi to deliberate on multi-utility vehicles (MUVs) — that is, clarifying whether sedans should be included in the SUV category and bringing in a definition for MUVs.

It will also discuss appellate tribunals and measures to curb tax evasion in pan masala products.

The report of the Group of Ministers (GoM) on GST on online gaming and casinos is unlikely to be taken up.

Items that could not be discussed by the Council in its last meeting on December 17, 2022, will feature in the agenda of the 49th GST Council meeting on Saturday.

The Council in its previous meeting took up eight out of the 15 listed items.

A report of the Group of Ministers, headed by Odisha Finance Minister Niranjan Pujari, for checking tax evasion by the pan masala and gutkha industry will be taken up in this meeting, officials said.

The GoM on Goods and Services Tax Appellate Tribunals was set up in July last year under the chairmanship of Haryana Deputy Chief Minister Dushyant Chautala.

The GoM has suggested that the tribunals should comprise two judicial members, and one technical member each from the Centre and states, besides a retired Supreme Court judge as president.

In a meeting in November, the GoM had agreed on a 28 per cent GST on these segments. However, in absence of consensus, the GoM had decided to refer all suggestions to the GST Council for a final decision. (KNN Bureau)