New Delhi, Nov. 1 -- The GST Council's decisions to decriminalise certain offences and rationalise enforcement powers could set a benchmark for India's next phase of economic reforms, with greater emphasis on trust-based governance and cooperative federalism, the Confederation of Indian Industry (CII) said.

CII Director General Chandrajit Banerjee said the decisions represent a significant shift towards proportionate enforcement and greater predictability for businesses, particularly micro, small and medium enterprises (MSMEs) and first-generation entrepreneurs.

"The GST Council's decisions deserve special recognition as a landmark institutional reform," Banerjee said, appreciating the leadership of the Centre and the constructive role ...