GST 2.0 Overhaul Simplifies Tax, Decriminalises Offences
The GST Council approved major reforms to simplify indirect tax and improve compliance, including raising prosecution thresholds and decriminalising several offences. Finance Minister Nirmala Sitharaman announced these changes will take effect from April 1 next year. Experts expect the reforms to enhance business operations and support economic growth under the new GST 2.0 framework.
Economic Times·


