<h1>GST Council Revises Rates, Withdraws Exemptions; Discusses Online Gaming and AI for Compliance Monitoring.</h1> The 47th GST Council meeting, chaired by the Union Finance Minister, addressed several key issues, including rate changes and procedural amendments. The Council recommended revising GST rates on various goods and services, effective from July 18, 2022, and proposed withdrawing certain exemptions. A Group of Ministers will re-examine GST issues related to casinos, race courses, and online gaming. Measures for trade facilitation and compliance streamlining were discussed, including changes in refund calculations and registration processes. The Council also approved the ad-hoc apportionment of IGST and emphasized the use of AI/ML for monitoring taxpayer compliance.