Daily Current Affairs · 2026-10-09
Economy
Medium · GST Council reforms and removal of arrest powers (October 2026)
Consider the following statements regarding the decisions taken at the 57th GST Council meeting held on 8 October 2026:
1. The Council recommended removing tax officers' power of arrest under the CGST Act.
2. The Council raised the threshold for launching GST prosecution from Rs 1 crore to Rs 5 crore.
3. The Council introduced a new GST rate slab for all goods and services.
How many of the above statements are correct?