Policy● Neutral for Indian equities
GST shake-up: Council weighs ending officials' arrest powers, start Rs 5 crore prosecution threshold
The brief
- The GST Council is weighing a ₹5 crore prosecution threshold
- Proposals include ending officials’ arrest powers and requiring court-ordered arrests
- Changes to enforcement could affect compliance costs for Indian businesses
- GST Council may approve compliance reforms offering relief to e-commerce sellers and buyers
- Employers may get ITC on employee insurance GST
- GST Council May Allow Input Tax Credit On Group Insurance, Vehicles Taken On Lease
- GST Law Committee proposes higher prosecution threshold, shorter jail terms
- GST Council may consider scrapping arrest powers over tax offences at Oct 7 meeting: Report
Decriminalising GST: Law panel proposes end to arrest powers, higher evasion thresholds
Sunday, 4 October
- GST shake-up: Council weighs ending officials' arrest powers, start Rs 5 crore prosecution threshold