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DECRIMINALISATION OF GST
GST enforcement may shift from 'arrest' to 'detect, recover and prosecute serious frauds'The GST Council is likely to consider major enforcement reforms on October 7 that could remove GST officers’ power to directly arrest alleg...- GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease complianceIndia is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...
- GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
- Chasing dues could get easier for small businesses under new rules, MSME Secy Bharat Khera explainsThe number of enterprises in the formal ecosystem has increased from around 16.5 million three to four years ago to 92 million currently, s...
- 500 micro cuts: Compliance burden weighs heavy on MSMEs that have to adhere to over 500 micro regulations every yearEntrepreneurs face a complex web of regulations, hindering growth. MSMEs bear a disproportionate compliance burden. The govt is working to ...
- Ease of doing business: India may do away with arrests for sub-Rs 3 crore GST evasionCurrently, under Section 132 of the Central GST (CGST) Act, illegal credit for GST evasion is a criminal offence. GST evasion of Rs 2 crore...
- Tax base to be widened with stricter audits: CBIC Chief Vivek Johri"We are looking at actively using audits and scrutiny for improving compliances. We have been able to achieve a big breakthrough in return ...
- GST Council doubles limit for launching prosecution to Rs 2 cr; defines SUVs for 22 pc cessThe Council also clarified on the definition of SUVs (sports utility vehicles) for the levy of 22 per cent compensation cess over the 28 pe...
- GST prosecution threshold up; some offences decriminalisedThe 48th GST Council meeting, held virtually on Saturday after a gap of six months, deferred a decision on imposing the levy on online gami...
- India's GST Council meets today to decide on online gaming tax, decriminalisation of some indirect tax offencesThe Council has reportedly been given a suggestion - by the law committee - to consider increasing the monetary threshold for launching pro...
- GST Council meet: Decriminalisation of offences, curbing tax evasion in pan masala, gutkha biz on agendaBesides, GST on online gaming and casinos may come up for deliberations as the Group of Ministers (GoM), chaired by Meghalaya Chief Ministe...
- GST council to consider decriminalisation of GST law in Dec 17 meetThe GST Council in its next meeting is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of l...
- GoM report on appellate tribunals, decriminalising of GST law top agenda of 48th GST Council meetThe Group of Minister's (GoM) report on setting up appellate tribunals to hear disputes, and decriminalisation of GST law will be the key a...
- Budget 2023: 'Provide tax rebate on consumers' durables, real assets'PHD Chamber of Commerce and Industry, on Thursday asked the Union government to provide income tax rebate benefits on long-term consumer du...
- Govt may remove penal offences covered under IPC from GST lawThe proposal, part of the exercise to decriminalise GST law, is likely to be taken up in the next meeting of the GST Council. Once approved...
- Govt working on decriminalising certain offences under GST, lower compounding chargesThe government is working on making the provision under GST Act for prosecution more simpler and friendly for taxpayers. Section 132 under ...
- Don't go overboard against GST offencesPenalties must be commensurate with the offence. Decriminalising offences and switching to monetary penalties will lower the burden on cour...
- Threshold for criminal offences under GST law may be raisedThe proposal entails raising the threshold of cognizable and non-bailable offences under Section 132 of the Central GST Act to ₹20 crore fr...
- GST laws review: Focus on decriminalising offences and wider use of compounding provisionsThe government is evaluating removal of clauses in the law that provide officers powers to arrest taxpayers suspected of evasion.
- Industry seeks fewer GST slabsThe suggestions came up on Tuesday during finance minister Nirmala Sitharaman’s pre-budget consultations with industry, trade and services ...
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