India

Decriminalization and gutkha business tax are on the agenda for the first GST Council meeting.

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The Goods and Services Tax Council is set to meet for the first time on September 20, and on the agenda are items related to the decriminalization of offences under the GST Act and the imposition of a business tax on gutkha.

The GST Council, headed by Finance Minister Arun Jaitley, is the highest decision-making body for the Goods and Services Tax (GST) regime. The Council is expected to give its final shape to the GST laws that will be tabled in Parliament next month.

The GST Act provides for a maximum jail term of three years and a fine for offences such as the non-payment of GST, the furnishing of false information, and the failure to furnish returns. However, these offences are compoundable, which means that an offender can pay a penalty in lieu of undergoing imprisonment.

The Council is also expected to deliberate on the imposition of a business tax on gutkha. Currently, there is no tax on gutkha, but a proposal to levy a business tax of 18% on gutkha manufacturers has been made.

The GST Council is expected to give its final shape to the GST laws that will be tabled in Parliament next month. The GST Act provides for a

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