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Govt working on decriminalising certain offences under GST, lower compounding charges

GST
Govt working on decriminalising certain offences under GST, lower compounding charges

  • Sep 29, 2022

    • The government is working on decriminalisation of certain offences under GST by raising the threshold limit for launching prosecution and also lowering charges for compounding of offence, an official said. Currently, the law provides for launching prosecution against offenders in cases where the amount of Goods and Services Tax (GST) evasion or misuse of input tax credit is more than Rs 5 crore.

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