GST Council likely to lift prosecution threshold to ₹5 crore and ease e-commerce seller rules at October 8 meeting

Updates

Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.

1. 9 Oct, 13:58 IST Read the update at Moneycontrol →

   GST Council recommends raising prosecution limit to ₹5 crore from ₹1 crore, cutting penalties and easing e-commerce seller rules

   • Earlier general penalty: ₹25,000
   • Earlier non-fraud penalty: 15%
   • Provisional sanction of refund claims: 90%
   • E-commerce seller ITC pass-on cap: ₹2.5 lakh a month

2. 8 Oct, 19:15 IST Read the update at PIB India →

   GST Council's 57th meeting lifts prosecution threshold to ₹5 crore, backs optional scheme for small consumer-facing firms

   • Auto-approval limit on ITC passed on per month: ₹2.5 lakh
   • Provisional sanction of zero-rated and inverted-duty claims: 90%
   • Refund acknowledgement deadline: 10 days

3. 8 Oct, 18:04 IST Read the update at News18 →

   GST 2.0: Council raises prosecution threshold to Rs 5 crore, eases rules for 9.5 lakh small e-commerce sellers

   • E-commerce seller monthly tax liability cap: Rs 2.5 lakh
   • Low-risk refund claims cleared in three days: 90%
   • Small enterprises with reduced compliance: 16 lakh

4. 8 Oct, 17:43 IST Read the update at Moneycontrol →

   GST Council raises prosecution threshold to Rs 5 crore, drops arrest power and speeds up refund acknowledgement

   • Refund acknowledgement period: 10 days
   • Effective domestic tax rate: 13.13%
   • Growth in supplies to consumers: 26.7%
   • Consumer-only taxpayers: 16.85 lakh

5. 8 Oct, 17:40 IST Read the update at Times Now Business →

   GST Council raises prosecution threshold to Rs 5 crore from Rs 1 crore, scraps tax officers' arrest power, eases small e-commerce norms