GST Council okays setting up tribunals, specific levy for pan masala firms

GST Council also decided to clear the entire dues of GST compensation pending to states

The all-powerful 49th GST Council meeting on Saturday approved the two key proposals of the ministerial state panels, including setting up dedicated appellate tribunal to resolve GST-related disputes and tightening norms for evasion-prone commodities such as pan masala and gutka.

The government expects the appellate tribunal to be operational by the end of this year. The final draft of the framework is likely to be a part of the Finance Bill 2023. On the other hand, to curb tax evasion by gutka companies, a specific levy will be worked out soon.

Two separate group of ministers (GoM)—submitted its report to the Council,