India’s Press Information Bureau has published a release on the recommendations of the 48th meeting of India’s GST Council. One of the key recommendations is for decriminalization under GST, which includes:
- Raising the minimum tax amount threshold for launching prosecution proceedings under GST from INR 10 million (One Crore) to INR 2 million (Two Crores), except for the offense of issuing invoices without the supply of goods or services or both;
- ….
Source Orbitax
Latest Posts in "India"
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST