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;
- Reducing the compounding amount from the pre…