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via timesofindia.indiatimes.comPolitics

GST Council meeting: Arresting powers of tax officers scrapped, prosecution threshold raised to Rs 5 crore

FROM THE WIRE · TIMESOFINDIA.INDIATIMES.COM

The Goods and Services Tax (GST) Council on Thursday recommended a series of changes aimed at easing compliance, reducing procedural burdens and

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishIndian GST reforms aim to reduce compliance burdens for businesses, potentially positive for sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Indian GST Council recommended scrapping arresting powers of tax officers.
  2. 02The prosecution threshold was raised to Rs 5 crore to reduce procedural burdens.
  3. 03The measures aim to ease compliance and reduce bureaucratic burdens for businesses.

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