Looking for a business loan


Thank you for your interest, our team will get back to you shortly

Please Fill the Details to download

Thank you for your response

Get Expert Assistance

Thank you for your response

Our representative will get in touch with you shortly.

India's #1 GST software

1 click autofill GSTR-3B with G1 and 2B data


Download 2B data for multiple months in < 2mins


GSTR-2B vs purchase matching in under 1 min

India's No 1 GST software

Save upto 7% in taxes

Claim 100% ITC and save ~4% GST

3x faster experience

Save 2 man days every GSTIN month

Easy to connect

Connect with 100s of ERP's, import data error-free

India's #1 GST software

1 click autofill GSTR-3B with G1 and 2B data


Download 2B data for multiple months in < 2mins


GSTR-2B vs purchase matching in under 1 min


GST council to debate major laws in next meeting: Revenue Secretary

Updated on :  

08 min read.

A major law like the GST cannot be implemented without a few hiccups, and figuring out nitty gritties is part of the job description for Revenue Secretary Hasmukh Adhia. The GST has raised concerns not only for the proposed tax structure and the effect on businesses, but also for its power.

It is these laws that the GST council will have to finalise in its next meeting on February 18. Under the proposed GST clause, tax defaulters were liable to be penalised severely. However, after much discussion it has now been confirmed that no arrests will be made for tax evasion of up to Rs. 2 crore. Evaders between 2 and 5 crores will face a bailable arrest, after which the evasion will be considered as a non-bailable tax offence.

Since, there is already a provision for arresting tax evaders under excise and service tax laws, the West Bengal government had serious issues with the clause for arresting evaders under GST, claiming it a ‘draconian’ move. Not only this, the state government has also sent a 16-point recommendation to the Finance Ministry to look into, with suggestions for change in the GST clauses.

The other clauses that will be up for debate on February 18 are the plans for a new financial year, and the disinvestment of state-run IDBI bank. Economic affairs secretary Shaktikant Das said that the government hopes to raise Rs. 72,500 crore in FY18 by divesting shares in public sector firms.

Tax slabs will remain the same

Revenue Secretary Hasmukh Adhia also stressed on the government’s plan to keep to the July 1 deadline. He said that the council will keep the rates and other calculations simple and the four tax slabs will stay at 5 percent, 12 percent, 18 percent and 28 percent. With this in mind, it is important that SMEs and other businesses start their transition to the GST structure right away. Here’s what you can do:

  1. Get your enrollment done on time. To read more about the enrollment process and its relevance, Click here.
  2. Plan your logistics and warehousing requirement carefully. To read our detailed guide on impact analysis on logistics and warehousing, Click here.
  3. Adopt such platforms, technologies which will enable your business to be GST-compliant. Click here to get all updates and access a pool of GST Calculators.

To know more about GST in detail, head to our portal here.  

inline CTA
India’s Fastest and Most Advanced 2B Matching
Maximise ITC claims, use smart validations to correct your data and complete 2B matching in <1 minute