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GST decriminalisation hailed as trust-based governance shift
Original: gst check
Industry body CII has welcomed a GST decriminalisation decision, describing it as a shift towards trust-based governance in India's tax system. The move reduces criminal penalties for certain offences under the goods and services tax regime, a change businesses have long sought. Analysts say it could ease compliance burdens and improve the climate for smaller enterprises, though detailed implementation rules are still awaited.
Why now: A GST Council decision on decriminalising certain tax offences is drawing attention from Indian businesses and media.
Evidence
- GST decriminalisation decision marks shift towards trust-based governance, says CII · Moneycontrol.com
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