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The law committee of the GST Council has suggested to increase the monetary threshold for launching prosecution for GST offences.
The fee that a taxpayers pays for GST offences should be lowered to 25% of the tax amount, from up to 150% currently, with a view to improving ease of doing business, the law committee suggested.
The report of the Group of Minister on tax evasion by pan masala and gutkha companies is likely to be taken up for discussion in the Council.
With regard to taxation of online gaming, casinos and horse racing, the GoM had in its last meeting in November agreed on a 28% GST on these segments. However, confusion remains over applicability of GST on online gaming, which may be taken up by the council.
(With Inputs From PTI)
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