GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payout

The upcoming 57th GST Council meeting on October 7 is set to unveil transformative proposals that could reshape GST regulations. Key suggestions may involve the abolition of arrest clauses related to GST, simplified refund procedures for exporters, and adjustments to the prosecution threshold. Furthermore, small taxpayers could benefit from late fee waivers and quicker registration.