Decriminalisation, rationalisation of enforcement powers under GST reflects trust-based economic governance, says CII
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The GST Council’s decision to decriminalise and rationalise enforcement powers reflects trust-based economic governance, said the CII.
- ✓On October 8, the Council recommended raising the prosecution threshold to ₹5 crore and removing arrest powers.
- ✓Chandrajit Banerjee said, “Effective tax administration need not depend on the threat of criminal sanctions.”
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
As many of the reform measures under GST have come into effect from Sunday, the Confederation of Indian Industries (CII) has said that GST Council’s decision for decriminalisation and rationalisation of enforcement powers among the most significant institutional reforms in India’s transition towards trust-based economic governance.
In its meeting on October 8, GST Council recommended withdrawal of arrest powers of tax official, rationalisation of the e-way bill-related interception & verification procedures, no show cause notice for tax dues below ₹10,000, a fivefold increase in the monetary threshold for prosecution from ₹1 crore to ₹5 crore, narrowing of specified offences under Section 132 of CGST Act, and rationalisation of imprisonment provisions, including greater judicial discretion in sentencing.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.