The 48th GST Council meeting was held on 17th December 2022, Saturday, virtually from New Delhi

Smt Nirmala Sitharaman, the Union Finance Minister, chaired the meeting, along with the Finance Ministers of the states/Union Territories

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The threshold limit for the launching of GST offenses increased to Two Crores except in the case of fake invoices which remains at 1 crore

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GST on pulse husks for cattle feed reduced from 5% to Nil, 5% GST on ethyl alcohol applicable to blended petrol, earlier it was 18%

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E-commerce operators can allow the suppliers to be registered under the composition scheme and unregistered vendors

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The GST on casinos and online gaming were not discussed and hence not part of the 48th meeting agenda. No decision on any GST rate hike

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Cess on SUV at 22%- if known as SUV, The engine cap is more than 1500 cc, Length above 4000 mm, and Ground clearance equal to or more than 170 mm

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No GST on insurance is levied on the No-claim bonus offered by insurance Co., so it is deductible from the premium without a GST charge.

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