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    <title>RECENT DEVELOPMENTS IN GST</title>
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    <description>Fiscal stress from a GST compensation cess shortfall prompted transfers from prior surpluses and a policy preference to avoid frequent rate changes. Administrative reforms include forming a GSTN Consultative Committee, designating the GST database as a protected system under the Information Technology Act with authorised access rules, and deploying an application for central-state intelligence sharing to target evasion. Procedural measures comprise a new SOP for exporters&#039; refund verification and escalation, extension of Form GST TRAN 1 filing for affected registrants, staggered GSTR 3B due dates for small taxpayers, and settlements under the Sabka Vishwas scheme.</description>
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