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GST Council Approves Major Reforms: Prosecution Threshold Raised To ₹10 Crore, Arrest Powers Curbed
The Goods and Services Tax (GST) Council has approved several measures aimed at simplifying business compliance, reducing tax disputes and making enforcement provisions less stringent, according to a report by Moneycontrol citing sources. The proposed reforms include restricting the arrest powers of tax authorities, increasing the monetary threshold for prosecution and expanding input tax credit…
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