GST Council meeting: Panel for raising threshold for offences to Rs 2 cr

The all-powerful GST Council, which is scheduled to meet on December 17, will likely to take up changes in the prosecution provisions under the GST regime, in which a committee of officials has proposed increasing the monetary limit to Rs 2 crore from the current Rs 1 crore, set as a minimum amount of tax evaded for arrest in non-cognizable and bailable offences under the regim…