GST Decriminalisation Marks Shift To Trust-Based Governance: CII

Business Standard · business

CII has lauded the GST Council's decisions to decriminalise certain offences and rationalise enforcement powers as a significant institutional reform. This move signals a shift towards trust-based economic governance, offering a model for future reforms. The changes, including raising the prosecution threshold and narrowing offences, aim to distinguish genuine disputes from tax fraud. CII believes these reforms will particularly benefit MSMEs and entrepreneurs by reducing uncertainty and legal costs, fostering confidence in legitimate enterprise.