GST Council Sets Monetary Limits to Curb Government Litigations

Finance Minister Nirmala Sitharaman announced that the GST Council has set specific monetary limits for the tax department to file appeals, aiming to reduce government litigations. Limits are Rs 20 lakh for the GST Appellate Tribunal, Rs 1 crore for the High Court, and Rs 2 crore for the Supreme Court.

In a significant move to decrease government litigations, Union Finance Minister Nirmala Sitharaman stated on Saturday that the GST Council has established new monetary limits for the tax department's appeals before various appellate authorities.

Following the 53rd GST Council meeting, Sitharaman revealed that the Council recommends a monetary threshold of Rs 20 lakh for the GST Appellate Tribunal, Rs 1 crore for the High Court, and Rs 2 crore for the Supreme Court, aiming to streamline the appeal process.

The Finance Minister also highlighted several GST exemptions, including services by Indian railways and hostel accommodations, ensuring these services remain affordable for students and the working class.