GST Council Meeting: The 48th meeting of the GST Council is over. After this, information has been given about the decisions taken in this meeting. Regarding this meeting, Union Finance Minister Nirmala Sitharaman said that no tax has been increased on any item in the 48th meeting of the GST Council. No new taxation has been introduced. All that has been done is to issue clarifications where ambiguity of interpretations remains.
Many decisions have been taken in the 48th meeting of the GST Council. Revenue Secretary Sanjay Malhotra gave information about the decisions taken after the end of the 48th meeting of the GST Council. He told that in these, the GST Council has agreed to keep some of the irregularities being done in compliance out of the category of crime. Along with this, it has been decided to double the limit for initiating prosecution to Rs 2 crore.
In this 48th GST Council Meeting, there hasn’t been any tax increase on any item. No new taxation has been brought in. Everything that has been done is to issue clarifications where ambiguity of interpretations prevailed.
– Smt @nsitharaman. pic.twitter.com/rb3RGzaotL
— NSitharamanOffice (@nsitharamanoffc) December 17, 2022
No decision was taken on these, while no decision could be taken on making a system to prevent tax evasion in Pan Masala and Gutkha business. After the meeting, Sanjay Malhotra said that the GST on online gaming and casinos was not discussed in this meeting, because the Group of Ministers (GoM) headed by Meghalaya Chief Minister Conrad Sangma had discussed this issue a few days ago. submitted its report. Due to paucity of time, the report could not be given to the members of the GST Council.
Tax rate on husk of pulses, including chilka and concentrates, has been reduced from 5% to nil.
– Revenue Secretary Shri Sanjay Malhotra while elaborating on outcomes of 48th GST Council Meeting. pic.twitter.com/PR5tUmTfxN
— NSitharamanOffice (@nsitharamanoffc) December 17, 2022
With this, Revenue Secretary Sanjay Malhotra informed that the council has increased the limit for initiating prosecution for irregularities in compliance with the GST law and agreed to increase it from Rs 1 crore to Rs 2 crore. Is. At the same time, it was decided to abolish GST on the peel of pulses. Till now 5% GST was levied on the peel of pulses.
