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India's CBIC rolls out GST process reforms

Original: cbic

India's Central Board of Indirect Taxes and Customs (CBIC) is in the news over a set of GST reforms, including changes to Section 69 arrests so that handcuffs are used less while enforcement powers remain. Separately, the Finance Ministry has set November 1 as the date to implement simplified post-sale discount rules and to provide 90% provisional refunds under the inverted duty structure, moves welcomed by businesses easing compliance.

Why now: New GST rules and softer arrest provisions from India's tax board take effect soon, affecting businesses and taxpayers.

CBICIndian Finance MinistryGSTGoods and Services Tax IndiaBusinessLine

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