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<h1>Section 154 Empowers Government to Set GST Rules on Tax Rates, Credits, Offenses, Penalties, and More.</h1> Section 154 of the Model GST Law grants the Central or State Government the authority to make rules for implementing the Act, based on recommendations from the Council. These rules can address various aspects, including tax rates, trade discounts, input tax credit, registration processes, tax assessment and collection, and the handling of offences and penalties. The rules may also cover audits, refunds, exports, and the management of bonded warehouses. Additionally, the government can impose penalties for rule violations and provide retrospective effect to the rules. The section ensures comprehensive regulatory control over GST-related matters.