Policy● Neutral for Indian equities
GST Law Committee proposes higher prosecution threshold, shorter jail terms
The brief
- GST Law Committee proposes a higher prosecution threshold and shorter jail terms
- The Council will decide whether to retain the power to arrest
- Changes to GST enforcement could affect compliance costs for Indian businesses
- GST revenue rises to ₹2.03 lakh crore in September but share of domestic sources falls to all-time low
- GST state-wise collection September 2026: Assam jumps 88%, UP 18%; Tamil Nadu falls 5%
- September GST collections rise 14.7% to ₹2.04 lakh crore
- GST Council to simplify processes, cut penalties