GST profiteering: Govt to build case with proof http://bit.ly/2N8Sjtl - Walletnews For Me

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Sunday, June 23, 2019

GST profiteering: Govt to build case with proof http://bit.ly/2N8Sjtl

GST officers have one more task — conduct mock purchases to identify businesses that are not passing on benefits of lower taxes to consumers. The government has decided to use the provision of Central Goods and Services Tax Act to collect evidence against suppliers “profiteering” by not transferring the gains of credits for taxes paid on inputs and raw material.
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