India hikes GST prosecution threshold from ₹1 crore to ₹5 crore in compliance relief
- GST Council on October 8 recommended removing tax officers' arrest powers at a meeting in Delhi.
- The Council proposed raising the criminal prosecution limit for GST offences from ₹1 crore to ₹5 crore.
- General penalties will drop from ₹25,000 to ₹10,000, while GST notices for amounts up to ₹10,000 will be withdrawn.
- Courts will decide fines or jail terms without mandatory minimum punishment, easing rules for businesses.
Source: hindustantimes.com
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