No rate cuts, but big GST relief: 8 reforms on refunds, ITC, registration and enforcement | Explained. Comprehensive market analysis and insights regarding this update. The GST Council has approved a sweeping process overhaul, easing registration, speeding up refunds, widening input tax credit and reducing physical checks on goods in transit. The reforms also remove GST arrest powers, raise the prosecution threshold, simplify filing for smaller taxpayers and expand export benefits, while leaving tax rates unchanged. Industry experts note that this development will have significant implications moving forward.