The 50th Meeting of the GST Council was held on July 11, 2023 in New Delhi, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
The Council has proposed the addition of Sub-rule (3A) in Rule 162 of the CGST Rules, 2017, which aims to specify the compounding amount for different offenses under Section 132 of the CGST Act, 2017.
The Press Release can be accessed at: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1938812