NITI Aayog’s report urges India to decriminalize minor tax offences, remove mandatory jail terms, and restore judicial discretion. It calls for distinguishing genuine errors from fraud, adopting global best practices, and building a fair, trust-based tax system that promotes compliance, transparency, and equity.
Click to View MoreThe 56th GST Council meeting approved a simplified two-tier tax structure, scrapping old slabs, to make goods and services more affordable. The "Next-Generation GST Reforms" aim to boost consumption, support key sectors, and streamline the tax system for a more transparent Indian economy.
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