New Delhi, Nov. 2 -- The Federation of Indian Micro and Small & Medium Enterprises (FISME) has welcomed the GST reforms approved at the 57th GST Council meeting, saying the proposed changes could reduce compliance-related anxiety among micro, small and medium enterprises (MSMEs) and encourage formalisation.

FISME said the recommendations address several long-standing concerns of small businesses, including GST registration for eligible suppliers selling goods through e-commerce platforms, an opportunity to correct returns and a reduction in penalties.

The federation also highlighted the proposed changes to GST enforcement, particularly the removal of arrest powers under Section 69 of the Central GST Act and changes to prosecution provis...