Mega GST Reforms: Tax Officers’ Power Of Arrest Scrapped; No Double Taxation; Faster Refunds

New Delhi: The 57th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman, approved major reforms on Thursday. The most significant changes include scrapping the arrest powers of GST officers and raising the prosecution threshold from Rs 1 crore to Rs 5 crore and lowering the g…