BusinessGST Council's 57th Meeting Approves 10 Key Tax Changes
The 57th GST Council meeting resulted in 10 significant decisions affecting registration, Input Tax Credit (ITC), refunds, and tax rates. Key changes include removing arrest powers from GST officers, imposing fines for discrepancies over ₹5 crore, and raising the limit for tax evasion cases below ₹10,000. These reforms aim to address structural issues in GST administration.
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