57th GST Council Meeting Today: Faster Refunds, ITC Reforms And Removal Of Arrest Powers On Agenda

Contributing sentiments towards policy:

56% : Proposals include removing tax officers' arrest powers, expanding service export exemptions, accelerating refunds and allowing eligible small businesses to file annual returns, potentially easing compliance across multiple sectors The 57th Goods and Services Tax (GST) Council meeting in New Delhi on Oct 8 is expected to discuss major reforms aimed at simplifying compliance, accelerating refunds and reducing regulatory burdens on businesses.
56% : According to media reports, the agenda includes easier registration, streamlined Input Tax Credit (ITC) procedures, decriminalisation of offences and changes to the definition of service exports.
52% : Another proposal could allow 61% of taxpayers to obtain GST registration within three working days without intervention from tax officers.
52% : The proposed reforms aim to make tax administration more efficient, technology-driven and predictable for businesses.
51% : GST Council may review arrest powers and export rules One significant proposal involves removing the standalone arrest provisions under Section 69 of the Central Goods and Services Tax (CGST) Act, Moneycontrol reported.
48% : The council is expected to consider withdrawing these powers from tax authorities during investigations.
46% : The 57th GST Council meeting on Oct 8 will consider faster refunds, simplified registration, Input Tax Credit reforms and decriminalisation of offences.
45% : Qualifying them as exports could remove this tax liability.
36% : Currently, the GST commissioner can authorise arrests when there are reasons to believe that specified offences, including fraudulent invoicing, wrongful ITC claims and tax evasion, have occurred.

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