The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today i.e. June 22, 2024.
The GST Council has recommended the implementation of prescribed monetary limits for filing appeals by the department in GST cases before various judicial bodies. This measure aims to reduce government litigation and streamline the legal process. The proposed monetary limits, subject to certain exclusions, are as follows:
– GST Appellate Tribunal (GSTAT): ₹20 lakhs
– High Court: ₹1 crore
– Supreme Court: ₹2 crores
By setting these monetary thresholds, the Council seeks to minimize unnecessary appeals and focus on significant cases, thereby enhancing the efficiency of the legal system and reducing the burden on courts and taxpayers alike.
The Press Release can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/PIB2027982.pdf