https://www.taxtmi.com/article/detailed?id=17552 Proposals contemplate reducing the maximum general penalty under section 125 and introducing a common minimum monetary threshold for demand notices under sections 73, 74 and 74A, including pending unadjudicated cases when implemented. Comprehensive officer guidelines would address notice and order quality, timeliness, fraud-based grounds, and natural-justice safeguards. Recommended changes to blocked input tax credit would cover specified business inputs and losses. An optional ARQP scheme is approved in principle for eligible small B2C taxpayers. en-us Sat, 10 Oct 2026 08:33:53 +0530 Sat, 10 Oct 2026 08:33:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17552 Proposals contemplate reducing the maximum general penalty under section 125 and introducing a common minimum monetary threshold for demand notices under sections 73, 74 and 74A, including pending unadjudicated cases when implemented. Comprehensive officer guidelines would address notice and order quality, timeliness, fraud-based grounds, and natural-justice safeguards. Recommended changes to blocked input tax credit would cover specified business inputs and losses. An optional ARQP scheme is approved in principle for eligible small B2C taxpayers. Articles Goods and Services Tax - GST Sat, 10 Oct 2026 08:33:53 +0530 https://www.taxtmi.com/article/detailed?id=17552