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    <title>RECENT DEVELOPMENTS IN GST</title>
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    <description>The central administration is pursuing decriminalization of GST offences to allow compounding or monetary settlement in place of prosecution. A web-based system for online monitoring of GST audits has been introduced to provide end-to-end visibility, improve audit quality, limit revenue leakage and reduce burdens on taxpayers. The Electronic Duty Credit Ledger regime now extends e-scrip validity to two years with unutilized credits lapsing thereafter, and export claims are to be processed in the customs automated system subject to scheme conditions. A Group of Ministers has been reconstituted to examine real estate measures under GST.</description>
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