GST Council to Discuss Online Gaming Taxation and Fake GST Registrations in 54th Meeting

The 54th GST Council meeting is set to address two critical issues—taxation on online gaming and fake GST registrations. The government has observed a rise in fake GST registrations, with several businesses exploiting loopholes in the system to evade tax. The meeting will propose measures to tackle these fake registrations and implement stricter regulations. Furthermore, the discussion on online gaming taxation is significant, as it involves classifying the activity and determining appropriate tax rates. Previously, online gaming was subject to debates on whether it should be taxed at 18% or 28%. The decision will affect the burgeoning online gaming industry in India. The council’s decisions will be crucial for improving the integrity of the GST system, and for establishing clearer tax norms for emerging sectors like online gaming.