Dec 25, 2022
The GST Law Provides for two Different Types of Penalties
Sections 122 to 131 of the CGST Act of 2017
Cognisable and non-cognisable offences
The law is still in its early stages of development, making it challenging and unpredictable to implement.
GST Council: The GST Council, which will be a combined forum of the Center and the States, shall be composed of the following members in accordance with Article 279A Chairperson: Union Finance Minister. Members: The Union Minister of State, in charge of Revenue of finance, the Minister responsible for finances or taxes, as well as any additional Ministers chosen by each State Government. According to Article 279A (4), the Council will advise the Union and the States on significant GST-related issues, such as GST exemptions, model GST Laws, etc. |
News Source: The Hindu
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