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Sitharaman holds 48th GST Council meet, panel agrees to decriminalise certain offences, doubles limit for launching prosecution: Key points




NEW DELHI: The 48th meeting of the Goods and Services Tax (GST) Council began in New Delhi on Saturday. The meet is being chaired by finance minister Nirmala Sitharaman.
“Union Finance Minister Smt. @nsitharaman chairs the 48th meeting of the GST Council via virtual mode, in New Delhi, today,” the finance ministry tweeted on Saturday
Here are the key highlights of the meeting:
*The GST Council agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, revenue secretary Sanjay Malhotra said.
*The Council could decide on only 8 out of the 15 agenda items due to paucity of time, Sitharaman said, adding the items not considered included one pertaining to setting up of appellate tribunals for GST.

*The issue of mechanism to curb tax evasion in pan masala and gutkha businesses could also not be taken up.
*Malhotra said GST on online gaming and casinos was not discussed as the report of a Group of Ministers (GoM), chaired by Meghalaya Chief Minister Conrad Sangma, on the issue submitted its report only a couple of days back.
*The report of the GoM was not even circulated to GST Council members, Malholta said.
*The GST on husk of pulses was reduced to nil from 5 per cent.
(With inputs from agencies)