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?