GST Council meet: Relief for small biz, prosecution threshold raised to ₹5 cr, no power to arrest
The GST Council has approved key measures aimed at easing compliance and reducing the burden on small businesses. The prosecution threshold has been raised to ₹5 crore, while the Council has also decided on changes to arrest provisions and other GST compliance rules. Watch for the key GST 2.0 decisions and what they mean for businesses, taxpayers and the wider economy.