GST Council Announces Major Reforms to Ease Penalties and Speed Refunds
The GST Council has introduced significant reforms aimed at easing penalties, raising the prosecution threshold, and speeding up refund processes. These changes are expected to reduce compliance burdens, limit inspections, and ease cash-flow pressures, particularly benefiting startups. The reforms mark a shift in GST enforcement, including the withdrawal of officers' power to arrest, enhancing the overall business environment.
Business Standard·



