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India eases punitive rules under GST regime
MUMBAI: India’s Goods and Services Tax Council, a body of federal and state government officials, made a series of changes to rules on Thursday, limiting punitive powers of tax officials in cases of GST offences. Businesses across India have complained about stringent tax practices and sought better ease of doing business. The power of arrest is being removed from GST. The threshold for prosecution for GST offences has been raised to 50 million rupees ($516,635) from 10 million rupees. The general penalty has been reduced to 10,000 rupees from 25,000 rupees. India’s net direct tax collections ...
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