Sansad TV
In this episode of the Perspective Prog. Based on ’48th GST Council Meet’. On the show today we’re going to analyse some of the key decisions taken at the 48th meeting of the Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman. Meeting after a gap of six months, the Council took up and approved 8 of the 15 items on the agenda due to paucity of time. One of its key decisions has been to decriminalise certain offences, doubling the threshold for launching prosecution under the tax law to Rs 2 crore. For fake invoicing, the limit of Rs 1 crore has been retained. The Council also clarified on the definition of SUVs for levy of compensation cess over GST and decided to come out with parameters to define MUVs. Some other decisions include scrapping the 5% GST levy on a cattle feed ingredient — husk of pulses; and the reduction of the levy on ethyl alcohol used by refineries to blend with petrol to 5% from 18% . The need and impact of these decisions is what we’ll try and understand from distinguished experts.
Anchor:- Teena Jha
Producer:- Sagheer Ahmad
Guest Coordinator:- Anshuman, Vishwa Pratap Singh
Guests:
1. Subhomoy Bhattacharjee, Consulting Editor, Business Standard
2. Abhishek Atrey, Senior Advocate, Supreme Court
3. Bimal Jain, Chair, Indirect Taxes Committee, PHD Chamber of Commerce & Industry
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