GST Council recommends ending arrest powers and raising prosecution limit to ₹5 crore
The 57th GST Council meeting recommended removing arrest powers, a ₹5 crore prosecution threshold, lower penalties and faster refunds for businesses.
Read updateGST, customs and indirect tax: CBIC notifications, GST Council decisions and compliance dates.
The 57th GST Council meeting recommended removing arrest powers, a ₹5 crore prosecution threshold, lower penalties and faster refunds for businesses.
Read update →GSTN requires Annexure-B in refund claims of accumulated ITC to be filed through an Excel offline utility, with invoice details checked against GSTR-2B.
Read update →GSTN's new Multistate Registration lets a business apply for GST registration in several States under one PAN, using a Master TRN and shared details.
Read update →GSTN has added RCMDOM and RCMIMP e-invoice supply types for reverse charge self-invoices, aimed at businesses with turnover of ₹5 crore or more.
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