BusinessGST Council Approves Major Procedural Overhaul, Keeps Rates Stable
The GST Council, led by Finance Minister Nirmala Sitharaman, approved a significant procedural overhaul of the indirect tax system without changing tax rates. The reforms aim to speed up refunds, limit officers' arrest powers, shift verification to system-led risk rules, and simplify compliance. These changes support business liquidity and stability amid global uncertainties and aim to boost manufacturing and investment.
Mint··New Delhi

