57th GST Council reviews GST 2.0 reforms and compliance cuts
In short
The 57th GST Council meeting is discussing GST 2.0 changes to make tax compliance simpler.
The talks include removing officer arrest powers, raising criminal prosecution thresholds, and helping small businesses. It is not clear yet what will be approved.
What the reporting says
The 57th GST Council meeting is deliberating GST 2.0 reforms to simplify compliance, including scrapping officer arrest powers and raising criminal prosecution thresholds. The publisher summary also says the proposals aim to aid small businesses, and Finance Minister Nirmala Sitharaman is due to hold a press briefing around 4:30 pm. The reporting does not say what has been approved yet or whether the changes will be adopted.
Why it matters
At the 57th GST Council meeting, officials are discussing GST 2.0 reforms to simplify compliance. The publisher summary names possible changes such as scrapping officer arrest powers and lifting criminal prosecution thresholds, with support for small businesses. Finance Minister Nirmala Sitharaman is expected to brief the media around 4:30 pm. The reporting does not confirm any final decision.