Business News : GST Council: Finance Ministry Nirmala Sitharaman chaired the GST Council meeting. Apart from the Ministers of State for Finance, the Finance Ministers of the States and Union Territories and senior officials of the Central Government and States participated in the meeting.
All the issues like decriminalization under GST law, establishment of appellate tribunals and creating a system to prevent tax evasion in the business of Pan Masala-Gutkha were included in the GST Council meeting. But it could not be discussed in detail.
According to the report, the GST Council has agreed to decriminalize some offences. It has agreed to double the limit for initiating prosecution in any case under the GST law to Rs 2 crore. Revenue Secretary Sanjay Malhotra has given information about this.
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