City
Epaper

GST Council recommends decriminalising 3 offences, including tampering of evidence

By ANI | Updated: December 17, 2022 21:10 IST

The GST Council has recommended decriminalising three different types of offences, including the tampering of material evidence."A major ...

Open in App

The GST Council has recommended decriminalising three different types of offences, including the tampering of material evidence.

"A major path-breaking recommendation with regard to decriminalising certain offences,... three kinds of offences, were taken. They pertain to obstructing or preventing any officers in the discharge of his duties, deliberate tampering of material evidence, and failure to supply information," said Revenue Secretary Sanjay Malhotra at the post-GST Council press conference here on Saturday.

The other major decision taken at the meeting was regarding the threshold limit of tax amount for launching prosecution on any criminal offence defined under the GST laws that has been increased from Rs 1 crore to Rs 2 crore, Malhotra told reporters.

This, however, would not be applicable to those offences such as fake invoicing.

Moreover, GST rates on pulses husk and knives have been reduced from 5 per cent to nil. GST on ethyl alcohol for the purpose of blending of ethanol has been exempted. Earlier, it was taxed at 18 per cent.

"Already we have allowed 5 per cent reduced rate for blending with petrol by oil marketing companies. Now this exemption is being extended to refineries as well. This will promote our efforts on blending and reduce our dependence on imported crude and thereby save precious foreign exchange," the secretary said.

At the start of the press briefing, Union Finance Minister Nirmala Sitharaman, who is the chairperson of the Council, said as many as 15 items were on agenda during today's GST Council meeting, of which eight were completed, and the remaining will be carried forward to the next council meet.

The 47th meeting was held in June 2022, in Chandigarh.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Post-gst councilNirmala SitharamanNirmala seetharamanSanjay malhotraBjp state spokesperson
Open in App

Related Stories

NationalRBI Slashes Repo Rate by 25 Basis Points to 6% in Second Consecutive Cut

NationalRBI Repo Rate Cut: How Much Will Your EMI Reduce After Reserve Bank of India's Latest Monetary Policy Update

NationalNirmala Sitharaman Likely to Introduce New Income Tax Bill in Lok Sabha Next Week

NationalLoan EMI Calculator: How Much Will You Save With Lower EMIs and New Income Tax Slabs?

NationalWhat Is 'fin.in'? Banks to Get Special Domain to Curb Cyber Frauds, Registration Begins in April 2025

Business Realted Stories

BusinessBolt.Earth Opens 13,000 Sq. Ft. Integrated Testing and Warehousing Facility to Fast-Track EV Charging R&D and Manufacturing

BusinessMukesh Ambani mourns death of innocent citizens in Pahalgam, offers free treatment for injured at Reliance foundation hospital Mumbai

BusinessBlack Box reports strongest quarterly performance of FY25 with Rs 1,550 crore in Q4 order wins

BusinessDinesh Shahra Foundation Empowers Scholars and Women Achievers at Parmarth Vidyamandir, Rishikesh

BusinessSmart Node Sets Path For Bold Growth at "Sambandh" Dealer Meet