{
  "id": 12998771,
  "title": "GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaul",
  "url": "https://urgent.news/2026/10/09/gst-2-0-makes-it-less-taxing-as-govt-scrap-arrest-powers-raise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T01:04:30.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/gst-2-0-makes-it-less-taxing-as-govt-scrap-arrest-powers-raise-prosecution-threshold-to-rs-5-crore-in-major-overhaul/articleshow/134803272.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "The GST Council has approved a major overhaul of the indirect tax structure in India, known as GST 2.0, which includes scrapping arrest powers and raising the prosecution threshold to ₹5 crore from the current ₹1 crore. The reforms aim to simplify the GST system, making it easier for taxpayers to register, file returns, claim input tax credit, and refund taxes. Finance Minister Nirmala Sitharaman emphasized the shift towards automated, data-driven, and risk-based administration, highlighting that 99% of the issues related to GST have been addressed. The council also deferred two key proposals related to input tax credit, which will be discussed by a committee of officers within three months and presented at the next council meeting.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}