By PTI
NEW DELHI: The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.
The Council could decide on only 8 out of the 15 agenda items due to paucity of time, Finance Minister Nirmala Sitharaman said, adding the items not considered included one pertaining to setting up of appellate tribunals for GST.
The issue of mechanisms to curb tax evasion in pan masala and gutkha businesses could also not be taken up.
Malhotra said GST on online gaming and casinos was not discussed as the report of a Group of Ministers (GoM), chaired by Meghalaya Chief Minister Conrad Sangma, on the issue submitted its report only a couple of days back.
The report of the GoM was not even circulated to GST Council members, he added.
He further said the Council agreed to raise the threshold of launching prosecution to Rs 2 crore from the present Rs 1 crore. Also, the GST on the husk of pulses was reduced to nil from 5 per cent.
Along with the FM, Union Minister of State for Finance Shri @mppchaudhary, besides Finance Ministers of States & UTs (with legislature) and Senior officers from Union Government & States are also attending the meeting. (2/2)
— Ministry of Finance (@FinMinIndia) December 17, 2022
ALSO READ | Decriminalise GST law, slash personal income tax rates in Budget: CII to govt
NEW DELHI: The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.
The Council could decide on only 8 out of the 15 agenda items due to paucity of time, Finance Minister Nirmala Sitharaman said, adding the items not considered included one pertaining to setting up of appellate tribunals for GST.
The issue of mechanisms to curb tax evasion in pan masala and gutkha businesses could also not be taken up.
Malhotra said GST on online gaming and casinos was not discussed as the report of a Group of Ministers (GoM), chaired by Meghalaya Chief Minister Conrad Sangma, on the issue submitted its report only a couple of days back.
The report of the GoM was not even circulated to GST Council members, he added.
He further said the Council agreed to raise the threshold of launching prosecution to Rs 2 crore from the present Rs 1 crore. Also, the GST on the husk of pulses was reduced to nil from 5 per cent.
Along with the FM, Union Minister of State for Finance Shri @mppchaudhary, besides Finance Ministers of States & UTs (with legislature) and Senior officers from Union Government & States are also attending the meeting. (2/2)
— Ministry of Finance (@FinMinIndia) December 17, 2022
ALSO READ | Decriminalise GST law, slash personal income tax rates in Budget: CII to govt
