Reetu | Dec 17, 2022 |
GST Offence’s Decriminalization: GST Council Recommends Changes
The 48th GST Council Meeting held today has recommended some significant changes including the decriminalization of GST offences.
The Council decided to raise the minimum threshold of tax amount for launching prosecution under GST from Rs. One Crore to Rs. Two Crores, except for the offence of issuance of invoices without supply of goods or services or both.
Council further decided to reduce the compounding amount from the present range of 50% to 150% of tax amount to the range of 25% to 100%.
It also decriminalized certain offences specified under clause (g), (j) and (k) of sub-section (1) of section 132 of CGST Act, 2017, viz.- obstruction or preventing any officer in discharge of his duties; deliberate tempering of material evidence; failure to supply the information.
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