News
Only credible plaint to trigger GST anti-profiteering clause
- Date:
- April 3, 2017
- Source:
- Economic Times
The contentious anti-profiteering measure in the goods and services tax (GST) law will be triggered only if there is a credible complaint, Revenue Secretary Hasmukh Adhia said. He said the anti-profiteering clause in the law is meant to be a deterrent and is an enabling clause so that reduction in tax incidence due to the GST is passed on to consumers. Asked who will decide…