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of <h1>GST Council Meeting: Rate Changes, Penal Interest, and Decriminalization Discussed, Aadhaar Authentication and Refunds Addressed.</h1> The 48th GST Council meeting, chaired by the Union Finance Minister, was held on December 17, 2022, via video conferencing. Key agenda items included confirmation of the 47th meeting minutes, ratification of notifications and circulars, and recommendations by the Fitment Committee on GST rates for goods and services. Discussions also covered the levy of penal interest on delayed GST remittances, performance reports of the National Anti-profiteering Authority, and amendments to the CGST and IGST Acts. The Council addressed issues related to Aadhaar-based authentication, refund processes, decriminalization of GST offenses, and data sharing with government departments. Some items were deferred for future meetings.
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