PTI | , Posted by means of Singh Rahul Sunilkumar
The GST Council on Saturday agreed to decriminalize sure offenses and doubled the brink for launching prosecution to 2 crore, Revenue Secretary Sanjay Malhotra mentioned.
The Council may make a decision on handiest 8 out of the 15 schedule pieces because of paucity of time, Finance Minister Nirmala Sitharaman mentioned, including the pieces now not thought to be incorporated one bearing on putting in place of appellate tribunals for GST.
The factor of mechanism to curb tax evasion in pan masala and gutkha companies additionally may now not be taken up.
No new taxes had been introduced, Sitharaman mentioned at the deliberations on the GST Council’s forty eighth assembly.
The Council, she mentioned, has clarified on what constitutes an SUV and draw in the tax appropriate for such classes of vehicles.
Malhotra mentioned GST on on-line gaming and casinos used to be now not mentioned because the document of a Group of Ministers (GoM), chaired by means of Meghalaya Chief Minister Conrad Sangma, at the factor submitted its document handiest a few days again.
The document of the GoM used to be now not even circulated to GST Council contributors, he added.
He additional mentioned the Council agreed to boost the brink of launching prosecution to 2 crore from the existing 1 crore.
Also, the GST on husk of pulses used to be decreased to nil from 5 according to cent.
The GST Council is the perfect resolution making frame of the one-nation, one-tax Goods and Services Tax (GST) regime. It is headed by means of the Union Finance Minister and all states and UTs are represented within the frame.