GST Council scraps tax officers' arrest powers; prosecution threshold raised to Rs 5 cr
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The GST Council made a landmark decision by abolishing the arrest powers of tax officers. They've raised the prosecution threshold from Rs 1 crore to Rs 5 crore, easing the pressure on small sellers using e-commerce platforms. Union Finance Minister Nirmala Sitharaman announced that notices under Rs 10,000 will no longer be issued, aimed at promoting better GST compliance and alleviating burdens on small businesses. What's Your Reaction?
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