GST Council removes arrest powers, raises prosecution threshold to Rs 5 Cr

"The GST Council has recommended a series of changes to simplify compliance for businesses and reduce the involvement of tax officials. The decisions were taken at the 57th GST Council meeting held on Thursday, October 8. The Council has recommended removing the arrest provisions under GST and raising the prosecution threshold from Rs 1 crore to Rs 5 crore. It has also proposed reducing the general penalty from Rs 25,000 to Rs 10,000. The government will also make the GST…