The 48th Goods and Service Tax (GST) Council meeting at the national capital Delhi on 17 December has concluded without any decisions on the highly anticipated GST Appellate Tribunals, tax rate applicable on gutkha and pan masala.
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Decriminalisation of offences: Increase in monetary threshold, from the current ₹5 crore to ₹20 crore, for launching legal proceedings against offenders. Additionally, the fee payable by a taxpayer for compounding of GST offences be lowered to 25% of the tax amount, down from the up to 150% currently.
Tax evasion: A report on tax evasion by the tobacco industry (pan masala, gutka), along with a possible mechanism to curb the evasion.
GST on online gaming: As proposed by a Group of Ministers (GoM), increasing the indirect tax on online gaming, casinos, and horse racing, to 28%, from the existing 18%.
GSTATs: Setting up GST Appellate Tribunals (GSTATs) with a retired Supreme Court judge as President, and also consisting of two judicial members, and technical members (from the Centre and states).
Rate applicability: The Council may also give clarity on the rate applicability on certain goods and services.
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