The 57th GST Council's general meeting, which began at 11 AM on Thursday, October 8, at Bharat Mandapam in New Delhi, has concluded, and the Finance Minister will announce the decision in a while. It was expected that the council may change GST tax slabs and efforts may be made to simplify compliance.
Key Announcements
According to media reports, the council has approved a proposal to curb the arrest powers of tax authorities.
The reports also said that the Council has approved raising the monetary threshold for prosecution of offenders, raising it to Rs 10 crore from Rs 5 crore earlier.
This is a developing story...