Stories
GST Council Grants Major Relief to 12 Lakh Traders With New Rules
N
News18•08-10-2026, 19:52
GST Council Grants Major Relief to 12 Lakh Traders With New Rules
- •The GST Council decided that no notices will be sent to traders for cases involving less than 10 thousand rupees, withdrawing previous notices for such amounts.
- •Approximately 12 lakh small traders are expected to benefit from this major decision announced during the meeting led by Finance Minister Nirmala Sitharaman.
- •The minimum limit for initiating criminal cases and arrests has been raised from 1 crore rupees to 5 crore rupees for GST evasion.
- •The standard penalty amount in GST cases has been significantly reduced from 25 thousand to 5 thousand rupees.
Key Questions Answered
The GST Council announced that traders will no longer receive notices for cases involving less than 10,000 rupees, and any prior notices issued for amounts below this threshold will be withdrawn.
The minimum limit for initiating criminal cases and arresting traders has been raised from 1 crore rupees to 5 crore rupees.
The Council reduced the standard penalty amount in GST cases from 25,000 rupees to 5,000 rupees.
