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259
📢 GST Council Meet Outcome
FM Nirmala Sitharaman highlights key process reforms, including automated registrations, faster refunds, wider ITC eligibility and removal of GST arrest powers.
📌 Prosecution threshold raised to ₹5 Cr from ₹1 Cr
📌 Rate changes to be taken up once a year, effective April 1
📌 Faceless assessment to be introduced for CGST
📌 Process simplification measures to take effect from April 1, 2027
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🚨 GST Council: Big relief for businesses!
⚖️ Arrest powers to go
💸 Faster refunds
🏥 Tax credit on employee insurance
💻 Easier registration
