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Economy News

The Economic Times

Economy / The Economic Times

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GST Council to focus on auto refunds, swifter ITC, fewer notices

The government is preparing to transition the GST regime toward a trust-based tax administration. This shift includes introducing sweeping decriminalisation for tax offenses, suggesting fewer notices for invoice mismatches and doing away with arrests without evidence or prior to prosecution, aiming for enforcement to work through money rather than custody.

7 Oct 2026 12:46 am