The GST Council’s next meeting is expected in September, 2022. It is expected to take up two important issues arising out of recent Supreme Court judgments – Circular for non-imposition of IGST on ocean freight and re-opening of window for transitional credit. It may also discuss reports of Group on Ministers. Another important issue of correcting inverted duty structure is also on the cards. States may also push further their demand for compensation towards GST short fall. GoM on GST Appellate Tribunal may submit its report soon. It is learnt that it has finalized the basic framework for setting up of Tribunals. After GST Council’s approvals, Tribunals can be set up in States. So far as GST on gaming and casinos is concerned, no consensus has been arrived out yet.
Source Taxguru
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