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GST reforms: Top things announced by FM Sitharaman-led GST Council & what they mean for businesses

The GST Council approved a series of changes aimed at easing compliance, including removing the power of tax officials to make arrests and raising the prosecution threshold fivefold to Rs 5 crore. FM Nirmala Sitharaman said the GST Council had largely dealt with anomalies arising from input tax credit (ITC) and addressed the issue of duty inversion.

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Times of IndiaLean R·1h ago
GST reforms: Top things announced by FM Sitharaman-led GST Council & what they mean for businesses
The GST Council approved a series of changes aimed at easing compliance, including removing the power of tax officials to make arrests and raising the prosecution threshold fivefold to Rs 5 crore. FM Nirmala Sitharaman said the GST Council had largely dealt with anomalies arising from input tax credit (ITC) and addressed the issue of duty inversion.
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GST reforms: Top things announced by FM Sitharaman-led GST Council & what they mean for businesses

How 1 sources are covering this