Revenue Secretary Tarun Bajaj has said that the government will soon come out with norms for decriminalising offences under Goods & Services Tax (GST).
In an interview to business line, he also said that windfall gain tax on domestically produced crude oil and on export of diesel and ATF will continue till there is windfall gain.
The government recently comes out with revised guidelines for compounding offences under the Direct taxes. Earlier a similar arrangement was made in case of customs duty related offences.
Regarding the decriminalization of GST offences, the Revenue Secretary said that “We are working on it and soon we will release (the document). We would move in the same direction as we moved on the custom side and direct taxes side. We are not interested in people into jail. What we want is that if we can compound, if there has been a mistake on the part of a corporation or a person, let them pay the money with penalty and move on or compound the offence and move on. This is very essential and now we are increasing our compliance and once you do that people also realise they can’t getaway. They want to come out clean. This is another way of people coming out clean.”
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