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GST anti-profiteering agency for passing on gains to buyers

GST gains anti-profiteering on

The govt has said that businesses will have to ensure that the entire benefit of lower tax incidence, including input tax credit, is passed on to consumers or else face action from a five-member Anti-Profiteering Authority for GST. Similarly, any price increase has to be in line with tax incidence.

Posted by: Himanshu Modi Date: Jun 19, 2017 Source: The Times Of India

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