“Union Finance Minister Smt. @nsitharaman chairs the 48th meeting of the GST Council via virtual mode, in New Delhi, today,” the finance ministry tweeted on Saturday
Here are the key highlights of the meeting:
*The GST Council 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, Sitharaman said, adding the items not considered included one pertaining to setting up of appellate tribunals for GST.
*The issue of mechanism 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, Malholta said.
*The GST on husk of pulses was reduced to nil from 5 per cent.
(With inputs from agencies)
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